By John Noonan — Apr 19 - 06:55 PM
AUD/JPY rose 1.5% on Tuesday and is up 0.50% since the close
The AUD/JPY has broken the 76.4 of the 2013/2020 move at 94.67
It is currently around 95.50 with next resistance at the 2015 high at 97.28
The objective of the move is a full retracement to the 2013 high at 105.43
AUD/JPY trending higher with the 5, 10 & 21-day MAs in a bullish alignment
A break below the 10-day MA at 93.59 would warn of fading momentum
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Source:
Refinitiv IFR Research/Market Commentary