AUDJPY Bounces off 11-Year Low, But Recovery Fizzles

<p>AUDJPY fell aggressively in recent weeks to touch an 11-year low of 59.85, where the pair found fresh buy orders and subsequently rebounded. That said, the price structure on the daily chart still points to a broader downtrend, something reinforced by the ‘death cross’ of the 50-day simple moving average (SMA) below the 200-day one. [&#8230;]</p> <p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/283268-audjpy-bounces-off-11-year-low-but-recovery-fizzles/">AUDJPY Bounces off 11-Year Low, But Recovery Fizzles</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>