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AUDJPY Bears Hold the Line: Sell Rallies at 111.40 as Negative Bias Targets Sharp Drop to 108 
- Trend line support – 0.7595 (trend line joining 0.7507 and 0.75596).
- AUDCHF has shown a minor jump till 0.76108 and started to decline from that level. The pair break trend line support and declined till 0.75757 and is trading around 0.75869.
- The near term resistance is around 0.7612 (89- day EMA) and any break above confirms minor bullishness, a jump till 0.7637 (55- day EMA)/0.76675 (61.8% retracement of 0.77207 and 0.75808).
- On the lower side, support is around 0.7580 and any break below will drag the pair to next level till 0.7540 (233- day MA)/ 0.7500.
It is good to sell on rallies around 0.7585-0.7590 with SL around 0.7620 for the TP of 0.7545/0.7500
Resistance
R1- 0.7615
R2 0.7650
R3- 0.7680
Support
S1- 0.7570
S2- 0.7540
S3-0.7500
