In Wednesday's session, the AUD/JPY pair displayed signs of correction, retreating to the 104.30 mark following an earlier surge to 104.90.
Daily chart indicators suggest correction phase sets in; RSI drops signifying easing of overbought conditions. Hourly chart indicators remain in negative territory, signaling downside correction in the near term. Bulls show signs of exhaustion, unable to retest 105.00 highs. In Wednesday's session, the AUD/JPY pair displayed signs of correction, retreating to the 104.30 mark following an earlier surge to 104.90. Seemingly, buyers are finding it tough to maintain upward traction.
The RSI and MACD both remain in negative territory, indicating a probable near-term correction. AUD/JPY hourly chart The prominent resistance remains the cycle high just above 105.00 while the 20-day SMA, now at 103.29, continues to provide strong support. AUD/JPY Overview Today last price 104.38 Today Daily Change -0.14 Today Daily Change % -0.13 Today daily open 104.52 Trends Daily SMA20 103.12 Daily SMA50 101.15 Daily SMA100 99.35 Daily SMA200 97.59 Levels Previous Daily High 104.
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