AUDJPY is cautiously positive in the very short-term as the lower high throws into question the improving outlook. The pair is being supported by the 50-day simple moving average (SMA) keeping optimism on the table. Additionally, the nearing bullish crossover of the 200-day SMA by the 100-day one – around 74.50 – and the supportive trendline below, could sustain the ascent from the low of 69.94. The short-term oscillators suggest that positive momentum may be picking up, despite the recent [..]
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