AUDJPY has fallen further below the daily Ichimoku cloud on Wednesday to touch a fresh 2-month low of 84.17.
It appears that the bounce from the 3-year low of 81.99 that saw a recovery to 90.71 on December 4, has soon lost steam and prices have been falling since then. RSI is in bearish territory below 50 and falling, which is also highlighting the downside bias.
Sustained trading below the cloud would expose the 81.99 August low for a retest. A break below this would strengthen the bearish bias. The technical indicators are giving bearish signals. The tenkan and kijun lines are negatively aligned and are both pointing south, meaning current downside momentum is very negative in the near term.
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