The AUD/JPY climbed 0.87% on Monday amid an upbeat market mood, sponsored by increased odds the US Federal Reserve might cut rates sooner than expected.
AUD/JPY up 0.87%, nearing 102.00 due to optimistic global financial outlook. Technicals: Upward momentum with RSI above 50 indicates bullish control. Resistances at 102.42 , 102.84 , and 103.47 . The cross-pair trades at 101.94, shy of the 102.00 figure, as the Asian session begins. AUD/JPY Price Analysis: Technical outlook The AUD/JPY is neutral to upward biased, with momentum suggesting that buyers are in charge, with the Relative Strength Index indicator standing above the 50-midline.
On the other hand, if bears drag prices below the Kijun-Sen at 101.36, that will pave the way for testing the Senkou Span B at 100.92. Further losses are seen at the May 1 low of 99.89. AUD/JPY Price Action – Daily Chart AUD/JPY Overview Today last price 101.94 Today Daily Change 0.79 Today Daily Change % 0.78 Today daily open 101.15 Trends Daily SMA20 100.5 Daily SMA50 99.24 Daily SMA100 98.18 Daily SMA200 96.78 Levels Previous Daily High 101.24 Previous Daily Low 100.
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