- The AUD/JPY was quoting around zone 92.80 before the Asian session, going back after two consecutive days of profits.
- Despite the fall, the pair remains above the threshold of 92.00, with technical indicators still in negative territory.
- Lateral trade could persist over 92.00 while the market awaits a new impulse, with resistance in 93.50 and support in 92.00.
The Aud/JPY fell on Thursday before the Asian session, reversing some of the early week profits. The torque went down to the 92.80 area, reflecting a renewed bearish impulse after a brief purchase pressure period. While the sellers recovered control, the torque remains above the 92.00 key threshold, which suggests that there could be a period of consolidation ahead.
When observing the technical indicators, the relative force index (RSI) is falling sharply within the negative zone, indicating a weakening of the bullish force. Meanwhile, the indicator of convergence and divergence of mobile socks (MACD) presents decreasing red bars, reinforcing the vision that the low pressure persists. However, the torque is still negotiated within a broader range, limiting immediate risks down.
For now, the support remains firm in 92.00, a level that has provided a strong floor in recent sessions. A rupture below could accelerate the bearish impulse towards 91.50. On the positive side, the resistance is observed around 93.50, where sellers have consistently intervened. If the AUD/JPY remains above 92.00, the torque could quote laterally in the short term before finding a clearer directional bias.
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.
