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AUD/JPY looking for a close on 85 handle

FXStreet (Guatemala) - AUD/JPY is currently at 84.82 with a high of 85.00 and a low of 83.85.

Risk has picked up at the end of this week and AUD/JPY is consolidating the recovery from below the 83 handle at 82.80 and is trading between the 20 SMA at 84.51 and the 200 SMA at 85.46 today. Equities have closed strongly in European trade and the US has turned positive as well, while USD/JPY broke the 120.80 200 DMA and scored a high on the 121 handle of 121.24. AUD/USD is consolidated on the key 0.70 handle.

AUD/JPY levels

AUD/JPY is well placed on the bid, back out of negative territory leaving the 83.97 pivot behind and eyes the 85 handle. R1 comes at 84.94 ahead of 85.53 and 86.50. RSI (14) leaves room for further momentum at 55.22 while MACD turns less positive.

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