- AUD/JPY was seen near the 94.30 zone on Friday before the Asian season, which was retreating towards the bottom of its daily border.
- Despite the indications mixed with oscillator, the moving average tilts wide technical bias to the negative side.
- The support is near 94.00 and 93.88, while resistance is seen above 94.40; Indicators remain disputed with recession.
The AUD/JPY pair on Friday raised their decline, hovering near the 94.30 region after the European session and slipped close to the bottom of their intraday range. The pair is particularly below the day, indicating an increase in sales of interest. While some speed indicators remain neutral or slightly creative, comprehensive technical signs remain in favor of a recession bias for a near period.
Given the indicators, the relative power index (RSI) fell below 50, yet neutral in tone, while the MACD posts a minor purchase signal, indicating possible short -term improvement. However, the power of the bull bear is at 0.641, strengthens the underlying sales pressure, and the Williams percentage limit remains neutral, failing to offer a clear reversal signal.
Moving average introduces a split picture. The short-term 20-day simple moving average (SMA) continues to indicate a purchase, offering dynamic support. However, the 10-day EMA (94.45) and SMA (94.58), as well as 100-day (96.85) and 200-day (98.70) SMAS, with all lean recession, suggesting that the reverse changed until a structural change occurred.
In terms of levels, immediate support emerges at 94.16, followed by 94.02 and 93.88. On the other hand, resistance is seen around 94.35, 94.42, and 94.45-further from the major short-term moving average that can serve as selling the zone when the bulls attempted to get the bulls back.
AUD/JPY Daily Chart
