AUDJPY is trying to push below the 100- and 40-day simple moving averages (SMAs) presently at 73.67. The bears reversed the pair back down at the 200-day SMA and forced a closure below the 75.32 resistance, which is the 50.0% Fibonacci retracement of the down leg from 80.70 to 69.94. The short-term oscillators imply that bearish momentum is increasing. The downward-sloping RSI has declined into the bearish region. Moreover, the MACD in the positive zone, has dropped below its red [..]
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