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AUD/JPY MACD fails to challenge recent highs

AUD/JPY could be facing downside pressure as its MACD failed to test recent highs.

A bearish divergence between AUD/JPY spot behavior and the MACD over the last few weeks suggests downside vulnerability ahead. Further, the MACD line crossed below its signal line on a 4-hour closing basis, an event that can be interpreted as a bearish omen.

US stocks tumble during opening hour of trade, Trump actions weigh

On the first trading day of the week, major US equity indices pulled back sharply in wake of the US President Donald Trump's executive order on Friday
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EUR/JPY MACD fails to challenge recent highs

EUR/JPY MACD fails to challenge recent highs
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