FxWirePro-Major European Indices 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
FxWirePro: EUR/AUD bearish as RBA hike boosts Australian dollar 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Stock Futures Dip as Investors Await Key Payrolls Data 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
US Gas Market Poised for Supercycle: Bernstein Analysts 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
FxWirePro: GBP/NZD remains weak, eyes 2.2550 level 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
AUD/JPY chart on Trading View used for analysis
- AUD/JPY tests 21-EMA at 79.98, break above to see further upside.
- The pair has spiked 0.92% on the day and is trading at 80.00 at the time of writing.
- Technical indicators have turned bullish and we see scope for further upside.
- Stochs and RSI have turned higher and MACD is on verge of bullish crossover on signal line.
- We also evidence 'Bullish Divergence' on RSI and Stochs which adds to the bullish bias.
- Breakout at 21-EMA eyes 55-EMA at 80.57 ahead of daily cloud at 80.61. Rejection at 21-EMA could see weakness till 78.56.
- Investors look forward to BoJ on Wednesday for fresh directional impetus.
Support levels - 79.48 (5-DMA), 78.90 (lower BB), 78.56 (Oct 26 low)
Resistance levels - 80.57 (55-EMA), 81.30 (110-EMA), 82.31 (200-DMA)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
