- Aud/JPy overtook the Asian session below, expanding the lost series for two days and trading near the area of ​​93.00.
- It seems that the sales rush disappears, and technical indicators suggest that Bulls may try to reflect or initiate side traffic.
The Aud/JPy pair experienced the second day of losses on Friday, landing around 93.30, because the sellers maintained control and lowered prices. Despite the bearing of the shoot of the shoot, it showed signs of soothing, indicating possible stabilization, and even compact -term reflection.
The relative force indicator (RSI) remains on a negative territory, but only slightly decreases, which suggests that the pressure for sale may not be as intense as previous sessions. Meanwhile, the divergence of the movable medium convergence (MacD) continues to print decreasing red rods, which indicates that the disadvantage loses the pair. This technical configuration can open the door for potential recovery or at least the consolidation phase before the next directional movement.
On the technical front, support is created near the zone 92.80, with a stronger floor of 92.50. The 20-day straight moving average (SMA), located on 95.00, is the main resistance point. The break above this level can change perspectives in favor of buyers, while the lack of regaining land can cause constant pressure on the handle 92.00.
Aud/JPy Daily
Aud/JPy Daily
