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AUD/JPY buyers stood their ground

The recent AUD/JPY decline has pushed the daily MACD line below zero.Momentum traders following this technical signal will now more confident that serious inroads to the AUD/JPY downside can be achieved. Long-term sellers should find comfort in the fact that this signal hasn’t occurred for more than three weeks on the daily charts.

Disclaimer
CFD and Fx trading can result in losses that exceed your deposits. Ensure you understand the risks.