AUD/JPY stays under pressure despite bouncing off the multi-year low. Bearish MACD, failures to cross short-term support-turned-resistance keep sellers hopeful. Buyers may add 10-day SMA as an additional filter before entry. Despite bouncing off the fresh 11-year low marked on Monday, AUD/JPY remains on the back foot around 67.40 amid the early Tuesday morning in Asia. Given the pair’s latest pullback fails to cross short-term resistance (previous support), around 68.35 now, sellers are likely to aim for 67.00 during further declines. In a case where the quote fails to take a U-turn from 67.00, 66.55/50, and 65.50/45 may entertain the bear ahead of diverting them to the previous day’s low near 64.35. On the upside, a sustained break of 68.35 resistance line isn’t going to call the buyers back as a 10-day SMA level of 70.25 acts as the additional filter to restore the confidence. During the pair’s run-up past-70.25, 71.50 and January-end low near 72.45 can please the bulls. AUD/JPY daily 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 IOTA founder will reimburse Trinity wallet hack victims with his own money FX Street 3 years AUD/JPY stays under pressure despite bouncing off the multi-year low. Bearish MACD, failures to cross short-term support-turned-resistance keep sellers hopeful. Buyers may add 10-day SMA as an additional filter before entry. Despite bouncing off the fresh 11-year low marked on Monday, AUD/JPY remains on the back foot around 67.40 amid the early Tuesday morning in Asia. Given the pair’s latest pullback fails to cross short-term resistance (previous support), around 68.35 now, sellers are likely to aim for 67.00 during further declines. In a case where the quote fails to take a U-turn from 67.00, 66.55/50, and 65.50/45 may entertain the… 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.
