AUD/JPY eases 76.17 to 76.10 amid the early Friday morning in Asia. In doing so, the cross fails to keep the recovery moves from 200-bar SMA and an ascending trend line from July 10 amid bearish MACD.
As a result, sellers may again attack the immediate support line, at 75.70 now, ahead of revisiting the key SMA level of 75.57. However, its further downside will be enough to refresh the monthly low of 75.10 to flash figures near the 75.00 threshold.
In a case where the bears refrain from respecting 75.00, July 30 low near 74.80 and the previous month’s bottom close to 73.90 will be in the spotlight.