- AUD/JPY was seen trading around 92.80 zones before the Asian season, pulling back after two consecutive days of profit.
- Despite the fall, the pair remains above the 92.00 range, the technical indicators are still in the negative area.
- Skadfall trading can be above 92.00 as the market is waiting for fresh speed, resistance at 93.50 and support at 92.00,
AUD/JPY fell before the Asian season on Thursday, which already had some benefits in the week. The pair fell towards the 92.80 area, which reflects the recession speed after a brief period of buying pressure. While the vendors gained control, the pair key remains above the 92.00 threshold, suggesting that the period of consolidation could lead to further.
Given technical indicators, the relative power index (RSI) is rapidly decreasing within the negative area, which weakens rapidly sharp strength. Meanwhile, the moving average convergence deviation (MACD) is reducing red bars, strengthening the approach that negative pressure persists. However, the pair still trades within a broad range, which limits immediate negative risks.
For now, the support remains a firm at 92.00, a level that has provided a strong floor in recent sessions. A brake below may accelerate the recession speed towards 91.50. Inverted, resistance is seen around 93.50, where vendors have stepped continuously. If AUD/JPY remains above 92.00, the pair can trade in a near period before finding a clear directional bias.
AUD/JPY Daily Chart
