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August 20, 2020 at 03:19PM

• AUDJPY reversed from resistance level 76.45

• Likely to fall to 75.00

AUDJPY recently reversed down from the key resistance level 76.45 (which has been reversed the price from the end of December) – coinciding with the upper daily Bollinger Band.

The downward reversal from the resistance level 76.45 continues the active short-term impulse wave (i) from the middle of July.

AUDJPY is likely to fall further toward the next support level 75.00 (former resistance level from the start of July).

Continue Reading…

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/audjpy-wave-analysis-20-august-2020-20200820/
Selected by fonecable.com

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