AUD/JPY Technical – Bearish Reaction from Key Long-Term Range Resistance in Place Since Oct 2007

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<p>The multi-year up move of the AUD/JPY from the March 2020 low of 59.88 has shown bullish exhaustion conditions right at the long-term secular range resistance of 96.88. Today’s RBA monetary policy decision has reinforced the short-term bearish tone via the breakdown below the 20-day moving average. Key short-term resistance to watch will be at […]</p>
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