- AUD/JPY was seen circulating around the 92.80 region before the Asian session, as it fell two consecutive days after the gains.
- Despite the decrease, the husband remains higher than the 92.00 threshold, as technical indicators continue in negative lands.
- Side trading can last above 92.00 as the market awaits a new momentum, with resistance at 93.50 and support in 92.00.
Aud/JPY fell on Thursday before the Asian session, which reflected some gains from the week earlier. The pair fell towards a 92.80 area, which reflects the renewed declining momentum after a short period of purchase pressure. While sellers regained control, the husband remains higher than the 92.00 key threshold, indicating that the period of unification may be in the future.
Given technical indicators, the RSI index decreases sharply within the negative area, indicating twice the upholstery. Meanwhile, the difference in moving average convergence (MACD) prints the decreasing red bars, which enhances the opinion that the pressure of the negative side is still ongoing. However, the husband is still trading within a wider range, which reduces immediate negative risks.
Currently, the support remains fixed at 92.00, a strong feet level in the last sessions. A break below can accelerate the landfill about 91.50. On the upper side, the resistance is seen about 93.50, where the sellers are constantly entering. If the AUD/JPY remains above 92.00, the husband can trade sideways in the short term before finding a clearer directional bias.
Aud/JPY Daily Chart
