- The AUD/JPY was observed by quoting near the 94.40 area after slightly sliding during Tuesday’s session.
- Despite the short -term bullish signals, the general feeling remains neutral since the key impulse indicators do not show a clear direction.
- The support is aligned about 94.30 and 94.20, while the resistance is around 94.55 and 95.25.
The Aud/JPY pair was observed around the 94.40 zone after the European session on Tuesday, registering a slight descent and standing at the midpoint of the negotiation range of the day. While short -term mobile socks and some impulse tools are inclined to the bullish, the longest long -term trend signs and the widest oscillators suggest that the torque is trapped in a neutral posture when entering the Asian session.
Technically, the MACD suggests a purchase signal, while the standard relative force index (14) is maintained in 49.41, consisting of a neutral perspective. The combined RSI and the stochastic indicator also mark 74.91, showing a neutral tone and suggesting that there is currently no directional impulse. The Bull Bear Power stands at 0.878, reinforcing the lack of conviction of both sides.
In terms of trends -based indicators, the simple mobile average of 20 days in 93.84 supports a short -term bullish perspective. However, the 100 -day SMA in 97.03 and the 200 -day SMA in 98.85 remain well above the current levels, suggesting that the wider tendency bias is still inclined towards decline. Ichimoku’s baseline around 94.31 is also in neutral territory, reinforcing the consolidation background.
As for key levels, immediate support is located at 94,308 and extends to 94.20, where buyers can seek to stabilize any additional weakness. On the positive side, the resistance comes into play at 94.55 and 94.59, with a more significant obstacle around the 95.24 area. A rupture above that area could tip the balance towards the bulls, while a sustained pressure below 94.30 could gradually change the downward feeling.
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.
