AUD/JPY PRICE ANALYSIS: The bassist trend is maintained despite intradic earnings

  • The AUD/JPY is negotiated near the 91.00 zone after bouncing within Wednesday’s range.
  • The general trend is still bassist in the midst of the pressure of long -term mobile socks.
  • The key resistance is observed near the area of ​​91.20–91.80, with support about 90.70.

The Aud/JPY pair was seen around the 91.00 area in Wednesday’s session, registering a modest intradic advance before the Asian session. Despite the rebound from the previous minimums, the torque maintains a general bassist tone, limited by key mobile socks and a slow momentum background. The technical indicators are mixed, with the relative force index (RSI) around neutral territory, the MACD suggesting bullish potential and mobile socks still leaning south. The price action remains confined in the middle of today’s daily range, which points to indecision in the short term.

From a technical perspective, the pair is gaining some land but lacks the force to decisively break up. The RSI is neutral around the 47 mark, while the stochastic K K and the product channel index also show neutral readings, reinforcing the clear lack of direction in the short -term momentum. However, the MACD offers a slight bull sign, hinting at the possibility of additional upward attempts.

In spite of this, the general perspective remains inclined towards decline. Simple mobile stockings of 20 days, 100 days and 200 days have a descending slope, exerting resistance from above. Notably, the 30 -day EMA and SMA, seen near the 91.80–92.20 area, act as dynamic barriers that limit recent profits and validate the bearish bias.

The immediate support is in the range of 90.70–90.60, which has maintained previous falls. If sellers recover control, a break below this area could expose deeper losses. On the positive side, the resistance is grouped around 91.20, 91.25 and 91.85 – levels that coincide with recent key and maximum means.

In general, although the Aud/JPY managed to recover some land during Wednesday’s trade, the prevailing trend remains bassist unless a firm breakup is materialized above the 91.80 area. Operators must be attentive to confirmation in the next sessions while the pair continues to oscillate inside an increasingly narrow range.

Daily graph

Source: Fx Street

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