AUD/JPY stays mildly positive while taking rounds to 73.35 during the early hours of Tuesday’s Asian session. The pair recently managed to reverse from 61.8% Fibonacci retracement of its January 02-06 upside. However, bearish MACD signals and multiple upside barriers will check the pair’s recovery.
Among the resistances, 50% Fibonacci retracement level of 73.40 and a descending trend line from February 06, at 73.45, will be the immediate ones to watch.


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