- The AUD/JPY extends to its decrease, decides sharply and reduces SMA for 20 days.
- RSI is still in negative lands, which reflects the intense landfill.
- The MACD chart prints increasing red bars, indicating an increase in the pressure of the negative side.
On Friday, the AUD/JPY Cross continued its landline to about 94.80, spreading sharp losses and hacking the main technical support levels. The husband is now trading in his lowest level in more than two weeks, indicating that the bears may control the company. The constant decrease without a simple 20 -day moving average (SMA) highlights the transformation of market morale, as sellers dominate the current direction.
Technical indicators enhance the negative view. The RSI has decreased deeper into the negative lands, indicating that the declining momentum is accelerating and that the husband may remain under pressure in the near term. Meanwhile, the graph of the medium average rapprochement (MACD) shows increasing red bars, indicating the growing momentum as the sellers continue to obtain the land.
Looking at the future, unless the couple suffers from strong recovery over SMA for 20 days, it is possible that the hybrid view will continue. The following support area can appear around the 94.50 area, while any attempt to move is likely to face resistance near SMA for 20 days near 96.00. A decisive break will be needed above this level to change feelings and provide buyers with a foothold, although the bears remain at the present time.