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AUD/JPY flashing a “Death Cross” signal

AUD/JPY is displaying a “Death Cross” on 4hr charts, which is considered a harbinger of bad things to come.

This technical event happens when a short-term moving average falls below its long-term moving average, in this case a crossover between the 100-period and the 200-period MA.

The existence of a Golden Cross does not in itself justify buying a market. Therefore, only a bounce towards the crossover level would allow traders adhere to the trend at fair valued prices following an otherwise lagging signal.

AUD/USD little changed around 5-DMA on RBA minutes

The AUD/USD pair defends the bids and pays little heed to RBA meeting minutes published last minutes, as the minutes offered no news surprises. AUD/U
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AUD/JPY hits 7-day low after RBA minutes release

AUD/JPY clocked a seven-day low of 77.24 after RBA minutes showed policymakers believe easy monetary policy is supportive for growth. Offered at 5-DM
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