In Tuesday’s sessions, the AUD/JPY pair has been making strides to improve the short-term outlook, nearing the 20-day Simple Moving Average (SMA) at 103.90.
In Tuesday's session, the pair approached the 20-day SMA, and got rejected. The pair is still in consolidation mode and may not have enough momentum to continue rising. The 102.00-104.00 range becomes an anticipated movement area for the upcoming sessions. In Tuesday’s sessions, the AUD/JPY pair has been making strides to improve the short-term outlook, nearing the 20-day Simple Moving Average at 103.90.
AUD/JPY daily chart In conclusion, the AUD/JPY pair seems to be in consolidation mode as it struggles to rise above the 20-day SMA. The range between 102.00 and 104.00 may signal future trading movements unless bulls can regain control above the 20-day SMA, pushing towards the 105.00 resistance level. On the positive side for the buyers, there are some signs of a slight deceleration in the bearish activities. AUD/JPY Overview Today last price 103.78 Today Daily Change -0.
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