- The Aud/JPy was negotiating around the 93.70 area, registering its third consecutive day of slight losses.
- Despite the negative streak, the pair continues to remain above the 20 -day SMA, which suggests that the decline can be limited.
- The impulse indicators remain soft; The RSI remains in negative territory while the MACD shows flat green bars.
In Friday’s session, the Aud/JPY retreated slightly and was negotiating in the 93.70 area. The pair has now registered three consecutive sessions of minor declines, although it is maintained above a key support level. The price action shows a certain hesitation by the vendors, since the bullies try to defend the simple 20 -day mobile mean, hinting at a possible break down.
The Relative Force Index (RSI) is currently positioned in negative territory, slightly decreasing around 40, reflecting a limited bearish impulse. Meanwhile, the convergence/divergence of mobile socks (MACD) remains in positive territory, but its histogram shows flat green bars, pointing out a lack of strong directional conviction.
From a trend perspective, staying above the 20 -day SMA, currently near the 93.50 region, maintains the short -term perspective slightly inclined up. A break below this level could change the feeling and open the door towards 93.00 or even the area of ​​92.50. On the other hand, the resistance is around 94.20, followed by the psychological level of 95.00.
AUD/JPY DAILY GRAPH
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
