AUD/JPY remains on the back foot near the lowest since early-2009. Bearish MACD, failure to cross near-term resistance favor sellers. Early-February 2009 high on the Bears’ radar. AUD/JPY extends the losses to 64.68 amid the early Tuesday morning in Asia. In doing so, the pair remains below an eight-day-old falling trend line amid bearish MACD. As a result, the quote is likely to extend the south-run towards the immediate falling trend line, around 64.00 now. However, the pair’s further declines below 64.00 might not refrain to target early-February 2009 highs near 62.60/65. Meanwhile, an upside clearance of the multi-day-old resistance line, currently at 66.68, is less likely to renew buying interest unless clearing the previous month’s low near 69.40. Following that, the buyers may aim to challenge the current monthly high near 71.40. AUD/JPY four-hour chart Trend: Bearish FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Treasury Sec. Mnuchin: We’re going to update Senate On Coronavirus Relief Bill FX Street 2 years AUD/JPY remains on the back foot near the lowest since early-2009. Bearish MACD, failure to cross near-term resistance favor sellers. Early-February 2009 high on the Bears’ radar. AUD/JPY extends the losses to 64.68 amid the early Tuesday morning in Asia. In doing so, the pair remains below an eight-day-old falling trend line amid bearish MACD. As a result, the quote is likely to extend the south-run towards the immediate falling trend line, around 64.00 now. However, the pair’s further declines below 64.00 might not refrain to target early-February 2009 highs near 62.60/65. Meanwhile, an upside clearance of the multi-day-old resistance… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
