<\/p>\n
In Wednesday’s trading session, the AUD\/JPY pair bounced to 103.80, reflective of a resurgence in upward momentum. However, the buyers met resistance at the 20-day Simple Moving Average (SMA) and retreated.<\/p>\n
According to the daily Relative Strength Index (RSI) analysis, the index increased to 52 from the previous session’s 46, demonstrating a gain in momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) prints flat red bars, indicating steady selling traction.<\/p>\n
On the downside, further losses will find the 100 and 200-day SMAs at their disposal as shielding units. On the other hand, buyers will encounter resistance trying to propel the pair back above the 20-day SMA at 103.80 and further to the 105.00 mark. If these resistance points remain intact, the market could witness the AUD\/JPY pair maintain a consolidation phase.<\/p>\n
What is not in discussion, is that the cross has entered a consolidation phase, following an aggressive rally that took it to multi-year highs.<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The daily RSI increase denotes a slight uptick in momentum. Signs of bullish fatigue emerge after renewed gains, reinforcing the ongoing consolidation outlook. The pair currently focuses on the stronghold of the 20-day SMA around the 103.80 area which acts as a resistance. In Wednesday’s trading session, the AUD\/JPY pair bounced to 103.80, reflective of […]<\/p>\n","protected":false},"author":2,"featured_media":8964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[1169,201,248,251,246,298,257,276,255,250,252,247,253,249,256,254],"class_list":["post-317647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-audjpy","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-crosses","tag-cryptocurrency","tag-currencies","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/317647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=317647"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/317647\/revisions"}],"predecessor-version":[{"id":317649,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/317647\/revisions\/317649"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/8964"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=317647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=317647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=317647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}