In 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.
AUD/JPY strengthens its position, touching new peaks beyond 108.00. Overbought conditions could trigger a healthy correction, yet the outlook reveals a continuation of momentum. In 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.
Parallely, the Moving Average Convergence Divergence depicts growing green bars, signifying stubborn bullish momentum, although a correction seems likely given the overbought situation. AUD/JPY daily chart In the broader perspective, the AUD/JPY pair exhibits relentless bullish behaviors, fortified by its standing above the 20-day, 100-day, and 200-day Simple Moving Averages . Should the pair face a correction pulling it beneath the 108.00 level, followed by the 107.
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: Downward momentum resumes, consolidation still possibleIn Monday's trading session, the AUD/JPY pair slipped to the 104.35 region due to the resumption of a downward momentum.
Read more »
AUD/JPY Price Analysis: Upwards momentum wanes, consolidation to continueIn Wednesday's trading session, the AUD/JPY pair bounced to 103.80, reflective of a resurgence in upward momentum.
Read more »
AUD/JPY Price Analysis: Positive momentum stirs, 103.00 supports hold firmOn Monday, the AUD/JPY pair showed signs of stabilizing and rebounded to 103.80, near the 20-day Simple Moving Average (SMA).
Read more »
AUD/JPY Price Analysis: Bulls Make Stride, consolidation still prevailingIn 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.
Read more »
AUD/JPY Price Analysis: Bulls push past the 20-day SMA, with consolidation still prevalentIn Wednesday's session, the AUD/JPY pair exhibited a promising move, surpassing the 20-day Simple Moving Average (SMA) at 103.90.
Read more »
AUD/JPY Price Analysis: Bulls take a breather, sellers test the 20-day SMA supportIn Thursday's session, the AUD/JPY pair witnessed a dip towards 104.00 as buyers cashed in their profits, which saw the pair soaring above the 20-day Simple Moving Average (SMA).
Read more »