Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
FxWirePro- Woodies Pivot(Major) 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
AUD/JPY chart - Trading View
- AUD/JPY is trading at 78.110, up 0.40% at 1130 GMT.
- The pair was rejected at 110-EMA and is extending weakness.
- Price action has slipped below 50-DMA and has broken into daily cloud.
- Momentum is with the bears, upside in the pair lacks traction.
- Immediate resistance is seen at 5-DMA at 78.49, break above eyes 50-DMA at 78.69.
- On the flipside, weakness till cloud base at 77.11 likely. Break below cloud will see further weakness.
Support levels - 77.44 (Feb 8 low), 77.11 (cloud base), 77
Resistance levels - 78, 78.50 (5-DMA), 78.69
Recommendation: Good to stay short on upticks at 78.20, SL: 78.70, TP: 77.50/ 77.15
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
