AUD/JPY chart - Trading View
AUD/JPY was trading 0.19% lower on the day at 75.67 at around 10:50 GMT, bias remains bearish.
The pair is extending downside for the 3rd straight session, slips below daily cloud.
Upbeat Australia jobs data fails to lift the pair as markets remained jittery amid persistent covid fears.
Data released earlier today showed Australian seasonally adjusted Unemployment Rate estimate for October 2020 stood at 7.0%, less than 7.1% expected and compared to 6.9% prior.
Aussie remained largely unimpressed despite good data. AUD/JPY turns bearish with scope for further downside.
Price action is currently holding support at 21-EMA, breach below will drag the pair lower. Test of 23.6% Fib at 74.07 then likely.
Major support lies at 200-DMA at 72.93. Violation there will open downside. Bearish invalidation above daily cloud.
