- AUD/JPY was seen circulating around the 93.70 region, where its third consecutive day recorded from moderate losses.
- Despite the negative line, the husband continues to stick to SMA for 20 days, indicating that the downside may be limited.
- The momentum indicators remain soft. RSI remains in negative lands while MACD appears flat green straps.
In Friday’s session, Aud/JPY decreased slightly lower and was seen circulating in a 93.70 area. The husband has now published three consecutive sessions of moderate declines, although he is still higher than the main support level. The price procedure shows some frequency from the sellers, as Bulls tries to defend the simple moving average for 20 days, which hints to a possible hindrance to the negative pressure.
The RSI is currently placed in negative lands, as it decreased moderately near the mid -1940s, which reflects the low declining momentum. Meanwhile, the difference of MACD is in a positive area, but its repetitive drawing shows flat green strips, indicating that a strong direction is not condemned.
From the perspective of the direction, it keeps SMA for 20 days, near the 93.50 area, with short -term expectations slightly tilted to the upward trend. A break below this level may shift feelings and opens the door about 93.00 or even 92.50. On the other side, the resistance is located about 94.20, followed by a psychological 95.00 mark.
Aud/JPY Daily Chart
