AUD/USD drops as EUR/JPY, USD/JPY rejected by resistance – IG

The AUD/USD currency pair experienced a decline as both the EUR/JPY and USD/JPY pairs faced rejection at key resistance levels. This movement was observed by IG, a reputable financial services provider. The drop in AUD/USD was influenced by the inability of EUR/JPY and USD/JPY to break through their respective resistance points. This development indicates a potential shift in market sentiment and could signal further downside for the AUD/USD pair. Traders are advised to closely monitor these currency pairs for any potential trend reversals.

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