In Wednesday's session, the AUD/JPY was seen trading at around 97.75, recording a gain of 0.23%.
The daily chart shows that the RSI is now above 50 showing a surge in buying momentum. On the hourly chart, the RSI hit a peak of 68and turned south. Despite minor bearish signs, the pair above main SMAs confirms an overall bullish trend. In Wednesday's session, the AUD/JPY was seen trading at around 97.75, recording a gain of 0.23%.
This characterizes a vibrant bullish sentiment in the shorter timeframe but with a sign of consolidation on the horizon. The MACD histogram echoes similar findings with rising red bars implying growing negative momentum with investors starting to take profits. AUD/JPY hourly chart Overall, the bulls found some light, and tallied a two-day winning strike, after three days of losses.
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