- AUD/JPY approached the 88.60 zone on Friday and pointed to a sharp retreat in front of the Asian session.
- Despite neutral oscillators, the macd confirms a sales signal as a double -wide pressure pressure.
- The switch resistance stands at 91.53 and 92.92, indicating the risk of expanded disadvantage with average movement averages.
The AUD/JPY pair was aggressive on Friday and was poured over 4% throughout the day and then retreated to 88.60. The movement represents one of the most upright intradic decreases in the last sessions and drags the couple to a medium -range area of 87.41 and 92.64. Dive, even if some oscillators remain neutral, wider techniques are aligned in favor of sellers.
Daily graphics
Technical indicators clearly reflect the appearance of a decrease. The moving average convergence deviation (MACD) fits a powerful sales signal by strengthening the downward momentum. Meanwhile, the relative force index (RSI) is still neutral but approaching the extremely -storey area. Other momentum measures such as the great oscillator (-1.112) and the ultimate oscillator (36.03) remain in neutral regions, which suggest that the momentum can still be built instead of running out.
Supporting the miscarriage, all key moving averages are lower. Simple moving average (SMA) in 93.72, 100 -day SMA in 96.42 and 200 -day SMA in 98.35 are continuous negative pressure pressure. Both of them are around 92.92-93.61 10-day exponential moving average (EMA) and 10-day SMA now act as a solid resistance after the last failure.
