AUD/JPY Price Analysis: Aussie Dips Slightly As 20-Day SMA Offers Support

On Friday’s session the AUD/JPY edged slightly lower and was seen trading in the 93.70 area. The pair has now posted three straight sessions of mild declines, though it remains above a key support level. Price action shows some hesitation from sellers, as bulls attempt to defend the 20-day Simple Moving Average, hinting at a potential pause in downside pressure.

The Relative Strength Index (RSI) is currently positioned in negative territory, mildly declining near the mid-40s, which reflects limited bearish momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) remains in positive territory, but its histogram shows flat green bars, signaling a lack of strong directional conviction.

From a trend perspective, holding above the 20-day SMA, currently near the 93.50 region, keeps the short-term outlook slightly tilted to the upside. A break below this level could shift sentiment and open the door toward 93.00 or even the 92.50 area. On the flip side, resistance lies around 94.20, followed by the psychological 95.00 mark.

 

AUD/JPY daily chart

(Click on image to enlarge)


More By This Author:

US Dollar Continues Recovering Ahead Of The Weekend
AUD/USD Hangs Near Weekly Low, Remains Depressed Below 0.6300 On Stronger USD
Australian Dollar Weakens As AUD/USD Slips Below 0.6300 Amid Economic Concerns

Disclaimer: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only ...

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