During Monday's trading, the AUD/JPY pair recorded a minor gain of 0.15%, landing at 100.85.
AUD/JPY pair continues a steady ascent in Monday's session, settling at 100.85, yet still displays a losing pattern over several weeks. Despite a minor upward correction, the medium-term bearish trend persists as the pair sheds above 7% in July. The 200-day SMA near 100.00 remains a critical support level to ward off added losses. During Monday's trading, the AUD/JPY pair recorded a minor gain of 0.15%, landing at 100.85.
The daily Relative Strength Index appears to be losing momentum, yet it remains securely in the oversold territory, indicating a continued possibility of a corrective move. Concurrently, the Moving Average Convergence Divergence continues to exhibit red bars, signifying a persistent selling activity despite the slight decrease in intensity. AUD/JPY daily chart Next, the pair needs to establish a firm base at the 200-day SMA found at 100.00—this remains a vital support level.
Crosses Currencies Technical Analysis
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/JPY Price Analysis: Cross revives, bears are still in commandIn Thursday's session, the AUD/JPY pair cut a significant five-day losing streak, climbing by 0.30% to reach 105.50.
Read more »
AUD/JPY Price Analysis: Downward pressures resume, pair closes its weakest week since AprilIn Friday's session, the AUD/JPY pair has resumed its downtrend, declining by 0.20% to reach 105.25.
Read more »
AUD/JPY Price Analysis: Pair sees mild losses, downtrend shows slowing momentumIn Tuesday's session, the AUD/JPY pair recorded a slight decline to 106.70, following up on the gradual declining trend from last week.
Read more »
AUD/JPY Price Analysis: Severe losses seen with indicators deep in negative territoryIn Wednesday's session, the AUD/JPY pair recorded a significant drop to 105.05, marking an extended five-day losing streak from last week.
Read more »
AUD/JPY Price Analysis: Continues to decrease after severe weekly lossIn Monday's trading, the AUD/JPY pair has continued its downward trend, declining by more than 0.90% to touch 104.30.
Read more »
AUD/JPY Price Analysis: Plunges to a fresh low amid steep four-day losing streakIn Wednesday's trading, the AUD/JPY pair has prolonged its downward spiral, tumbling by 1.50% to reach 101.20.
Read more »