AUD/JPY plummets to the multi-year bottom following a sustained break of the long-term support trend line. Oversold RSI signals pullback but buyers may refrain entry unless the quote bounces back beyond the support-turned-resistance. AUD/JPY tanked to 64.34, currently around 66.70 with 4.7% loss, amid the Asian session on Monday. In doing so, the pair refreshed the lowest levels since March 2009. The pair recently extended its downpour past multi-month descending trend line stretched from June 2012. As a result, the bears can tighten their grip over early-2009 levels near 62.00 while targeting 60.00 round-figure during further weakness. Alternatively, oversold RSI conditions favor a pullback towards the support-turned-resistance, at 70.55. However, the pair’s upside past-70.55 can be challenged by the downward sloping trend line from December 2018, near 75.50 now. AUD/JPY monthly chart Trend: Pullback expected 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 Bitcoin Price Analysis: Turmoil as BTC/USD crash almost hits $8,000 FX Street 3 years AUD/JPY plummets to the multi-year bottom following a sustained break of the long-term support trend line. Oversold RSI signals pullback but buyers may refrain entry unless the quote bounces back beyond the support-turned-resistance. AUD/JPY tanked to 64.34, currently around 66.70 with 4.7% loss, amid the Asian session on Monday. In doing so, the pair refreshed the lowest levels since March 2009. The pair recently extended its downpour past multi-month descending trend line stretched from June 2012. As a result, the bears can tighten their grip over early-2009 levels near 62.00 while targeting 60.00 round-figure during further weakness. Alternatively, oversold RSI… 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.
