AUDJPY Rally Stalls Near 200-Day SMA, Trendline In Focus

<p>AUDJPY maintains a clear uptrend in the short-term picture, well supported by an ascending trendline, but now must face the 0.7150 level and the 200-day simple moving average (SMA), which appeared a strong resistance this week, to continue the bullish retracement of the virus-led sell-off. The RSI and the MACD are currently reflecting a weakening [&#8230;]</p> <p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/299122-audjpy-rally-stalls-near-200-day-sma-trendline-in-focus/">AUDJPY Rally Stalls Near 200-Day SMA, Trendline In Focus</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>