<\/p>\n
In Friday’s session, the AUD\/JPY pair further descended as buyers continued to realize their profits, which led to the pair falling briefly below the 20-day Simple Moving Average (SMA) at 103.60, only to regain ground above the 104.00 mark. This bounce-back signals that the 20-day SMA has assumed the role of a robust support line. Nevertheless, the ongoing consolidation phase suggests a lack of drive for a significant surge.<\/p>\n
On a daily scale, the Relative Strength Index (RSI) now reads 56, a slightly lower figure from Thursday’s reading of 57. This indicates a marginal downward trend, signaling a potential easing of the previous upward momentum. Conversely, the Moving Average Convergence Divergence (MACD) continues to print flat red bars, signifying a stable selling momentum.<\/p>\n
To wrap up, the AUD\/JPY pair exhibits signs of ongoing consolidation, despite Friday’s further descent, with trading activity concentrated around the 20-day SMA. The range of 102.00-104.00 for the imminent sessions could be indicative of continued side-ways trading as bulls look to consolidate the gains from May’s rally that propelled the pair near the 105.00 mark.<\/p>\n
Nonetheless, the consolidation could suggest the bulls are preparing for the next upward movement, potentially aiming for the 104.50-105.00 range once again. In contrast, a breach of the 20-day SMA could tempt the bears, with further supports lining up at 102.60, and the long-term 100 and 200-day SMAs, which reside in the 100.00 and 98.00 zone.<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The AUD\/JPY pair witnesses further descent, as the ongoing profit-taking causes it to approach the reinforced 20-day SMA support. Should the bulls manage to establish robust support at the 20-day SMA, the next potential target appears to exist within the 104.50-105.00 price range. In Friday’s session, the AUD\/JPY pair further descended as buyers continued to […]<\/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":[1169,201,248,251,246,298,257,276,255,250,252,247,253,249,308,256,254],"class_list":["post-324478","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-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/324478","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=324478"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/324478\/revisions"}],"predecessor-version":[{"id":324483,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/324478\/revisions\/324483"}],"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=324478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=324478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=324478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}