AUD/JPY struggles to keep recovery moves from the lowest since September 28, marked the previous day, while taking rounds to 74.35 during the early Wednesday morning in Asia. In doing so, the pair steps back from the confluence of 200-day EMA and an upward sloping trend line from June 12.
Even so, bearish MACD and sustained trading below 61.8% Fibonacci retracement of June-August upside keep the AUD/JPY sellers hopeful.