In Wednesday's session, the AUD/JPY pair recorded a significant drop to 105.05, marking an extended five-day losing streak from last week.
AUD/JPY drops towards 105.00, notably below the 20-day SMA. The downtrend continues, now showing sharp momentum as bearish sentiment increases. With intensified bearish momentum, the pair may see a slight upward correction. In Wednesday's session, the AUD/JPY pair recorded a significant drop to 105.05, marking an extended five-day losing streak from last week. This decline is a significant drop from Tuesday's close of 106.80, indicating a deepening bearish momentum for the pair.
The daily Relative Strength Index for AUD/JPY now stands at 40, as the pair has reached new lows since mid-June. Simultaneously, the daily Moving Average Convergence Divergence prints rising red bars, implying an intensified selling activity. AUD/JPY daily chart In the broader picture, the AUD/JPY pair seems to maintain its bearish tendency, much highlighted by its position notably below the 20-day Simple Moving Average supports. As the pair proceeds its descent, immediate support levels at 105.
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: Mild gains prompt building support around 20-day SMAIn Monday's session, the AUD/JPY pair experienced limited losses and then recovered to trade with gains, with attention focused on reinforcing the support at the 20-day Simple Moving Average (SMA), after dipping briefly below 103.60 and then recovering it back.
Read more »
AUD/JPY Price Analysis: Bulls propels pair near 105.00In Tuesday's session, the AUD/JPY pair received a boost following the Reserve Bank of Australia (RBA)'s hawkish hold, with the momentum propelling the pair towards the 105.00 level.
Read more »
AUD/JPY Price Analysis: Strong bullish momentum pushes pair to fresh cycle highsDuring Thursday's session, the AUD/JPY pair maintained its uptrend, achieving new cycle highs around 105.70, its the highest point reached since 2013.
Read more »
AUD/JPY Price Analysis: Hits 17-year high above 106.00 on JPY weaknessThe Australian Dollar surged to a new 17-year high of 106.37 against the Japanese Yen as the Bank of Japan failed to increase interest rates on its latest monetary policy decision, which weighed on the Japanese currency.
Read more »
AUD/JPY Price Analysis: Corrects from multi-year peak, downside potential seems limitedThe AUD/JPY cross drifts lower during the Asian session on Tuesday and moves away from its highest level since 2007, around the 107.80-107.85 region touched the previous day.
Read more »
AUD/JPY Price Analysis: Yen performance fuels continued uptrend, pair stretches above 108.00In Wednesday's session, the AUD/JPY pair elongated its upward trajectory, reaching new high points around 108.40, hence beating its record once again after crossing its 2007 highs of around 107.30.
Read more »