Created
: 2025.03.28
2025.03.28 07:04
The AUD/JPY pair extended its winning streak on Thursday, advancing toward the 95.30 region after a strong daily performance. The pair is trading with a bullish tone after gaining traction during the European session, now sitting comfortably near the midpoint of its daily range between 94.42 and 95.40. This movement comes during Thursday's session ahead of the Asian open, where momentum remains in the bulls' favor despite signs of exhaustion.
From a technical standpoint, the short-term picture favors buyers. The 10-day Exponential Moving Average (EMA) at 94.50, 10-day Simple Moving Average (SMA) at 94.56, and 20-day SMA at 93.98 all point to continued upside pressure. Meanwhile, the Moving Average Convergence Divergence (MACD) signals a fresh buy, reinforcing the bullish structure.The Awesome Oscillator and Ultimate Oscillator (56.2) also remain neutral, hinting at the possibility of a pause or minor correction in the short term.
On the downside, immediate support aligns at 95.23, followed by 94.90 and 94.65. To the upside, resistance emerges at 95.34, with further barriers at 96.43 and 96.92. Although longer-term SMAslike the 100-day at 96.92 and 200-day at 98.75 suggest lingering bearish pressure, the current short-term outlook remains tilted in favor of continued gains, barring a reversal triggered by overbought conditions.
Created
: 2025.03.28
Last updated
: 2025.03.28
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy