- Aud/JPY was seen on Friday before the Asian session near zone 94.30 and retreated towards the lower end of its daily scope.
- Despite mixed signals from oscillators, the diameters of the tilting of wider technical bias move to the disadvantage.
- The support lies near 94.00 and 93.88, while the resistance is seen just above 94.40; The indicators remain contrary to Bearish Lean.
The AUD/JPY couple prolonged their decline on Friday, and after a European session, it hovered near the zone 94.30 and slipped closer to the bottom of its extent Intraday. The couple is on the day, it is reflected in the increase in sales interest. While some momentum indicators remain neutral or even slightly constructive, wider technical signals continue to prefer bear bias in the near future.
Looking at the indicators of the relative force index (RSI) fell below 50, yet neutral tone, while MACD publishes a slight signal of purchase and indicates possible short -term correction. However, Power Bear Bear is 0.641, which strengthens the basic sales pressure and the Williams range remains neutral and does not provide a clear reverse signal.
Moving diameters represent a divided picture. The short -term 20 -day simple gliding diameter (SMA) to 94.02 continues to signal purchases and offers dynamic support. 10 -day EMA (94,45) and SMA (94,58), along with 100 days (96,85) and 200 -day (98.70) SMA, all slim bears, suggesting that the potential remains limited unless there is a structural shift.
As far as levels are concerned, immediate support occurs at 94.16, followed by 94.02 and 93.88. On the other hand, the resistance is observed around 94.35, 94.42 and 94.45 before the key short-term moving averages that could act as sales zones if the bulls try to regain control.
