AUD/JPY – Key support at 96.50 by Milan Cutkovic

  • AUD/JPY approaching the 97.00 level amid broad AUD pressure
  • Immediate support lies at the 21 DMA at 96.90, but the key level to watch will be 96.50
  • AUD/JPY longs have built up during the past few months, break below likely to trigger further position covering and target a test of 95.00

AUDJPY

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