Technical Analysis – AUDJPY resumes downtrend, hits new 11-year low

AUDJPY has come under renewed selling pressure in recent sessions, and at the moment it is testing the 63.50 region. The price structure on the daily chart consists of lower lows beneath both the 50- and 200-day simple moving averages (SMAs), which have posted a death cross lately, with the 50-day falling below the 200-day. […]