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AUD/JPY struggles to keep recovery gains from the short-term key support confluence.
A joint of 100-day EMA and 61.8% Fibonacci retracement acts as the tough resistance.
MACD teases sellers ahead of the RBA.
Having filed to extend the recovery moves beyond 68.65, AUD/JPY drops to 68.50 amid the initial Asian session on Tuesday. That said, the pair previously bounced off the 21-day EMA and six-week-old support line.
Not only its failure to keep the pullback but the MACD histogram also suggests the pair’s weakness. However, traders are waiting for the key RBA meeting, up for publishing at 04:30 GMT, for fresh clues


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