AUD/JPY Price Analysis: Aussie dips slightly as 20-day SMA offers support

Source Fxstreet
  • AUD/JPY was seen trading around the 93.70 zone, recording its third consecutive day of mild losses.
  • Despite the negative streak, the pair continues to hold above the 20-day SMA, suggesting downside may be limited.
  • Momentum indicators remain soft; RSI stays in negative territory while MACD shows flat green bars.

On Friday’s session the AUD/JPY edged slightly lower and was seen trading in the 93.70 area. The pair has now posted three straight sessions of mild declines, though it remains above a key support level. Price action shows some hesitation from sellers, as bulls attempt to defend the 20-day Simple Moving Average, hinting at a potential pause in downside pressure.

The Relative Strength Index (RSI) is currently positioned in negative territory, mildly declining near the mid-40s, which reflects limited bearish momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) remains in positive territory, but its histogram shows flat green bars, signaling a lack of strong directional conviction.

From a trend perspective, holding above the 20-day SMA, currently near the 93.50 region, keeps the short-term outlook slightly tilted to the upside. A break below this level could shift sentiment and open the door toward 93.00 or even the 92.50 area. On the flip side, resistance lies around 94.20, followed by the psychological 95.00 mark.

AUD/JPY daily chart

 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin and Ether face volatility as $5.3B options expireBTC, ETH options for a total of $5.3B are expiring on Friday, bringing another period of potential price volatility.
Author  FXStreet
6 hours ago
BTC, ETH options for a total of $5.3B are expiring on Friday, bringing another period of potential price volatility.
placeholder
BOE Seen Poised for Further Rate Cuts.Sterling Seen Extending Slide Against DollarBank of England Governor Andrew Bailey signaled the prospect of further interest-rate cuts, warning that cautious UK households are pulling back on dining out and shopping.
Author  TradingKey
7 hours ago
Bank of England Governor Andrew Bailey signaled the prospect of further interest-rate cuts, warning that cautious UK households are pulling back on dining out and shopping.
placeholder
Gold’s Surge Pulls Miners Higher, But “Fast Money” Fuels Discipline Crisis in the SectorThis week, gold prices surged past the $4,000/oz milestone, fueled by expectations of Fed rate cuts and ongoing economic and geopolitical uncertainty.
Author  TradingKey
7 hours ago
This week, gold prices surged past the $4,000/oz milestone, fueled by expectations of Fed rate cuts and ongoing economic and geopolitical uncertainty.
placeholder
Bitcoin Slides From $126,000 Peak as Market Eyes Whether Uptober Rally Can LastAfter reaching a new all-time high of over $126,000 earlier this week, Bitcoin’s (BTC) price has slipped slightly, raising questions about the sustainability of its recent rally.
Author  Beincrypto
7 hours ago
After reaching a new all-time high of over $126,000 earlier this week, Bitcoin’s (BTC) price has slipped slightly, raising questions about the sustainability of its recent rally.
placeholder
Dow Jones futures stay silent as traders await Fed Powell’s remarks, earnings reportsDow Jones futures remain steady near 46,850 during European hours on Thursday, ahead of the regular session opening in the United States (US).
Author  FXStreet
7 hours ago
Dow Jones futures remain steady near 46,850 during European hours on Thursday, ahead of the regular session opening in the United States (US).
Related Instrument
goTop
quote