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FX.co ★ Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Thursday July 27, 2023.

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Forex Analysis:::2023-07-27T07:18:38

Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Thursday July 27, 2023.

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Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Thursday July 27, 2023.

On the 4 hour chart AUD/JPY Cross currency pairs, there is CCI indicator which manages to break below its main three levels (100, 0, & -100). This signaled the downward momentum more dominant, moreover coupled with the presence of the Rising Wedge pattern and the price movement below the Moving Average, AUD/JPY in the near future has the potential to go down where as long as there is no upward corrective movement that exceeds the 95.80 level, AUD/JPY will fall down to try to break below the 94.42 level with the main target at the 94.07 level and the 93.61-93.11 area levels will be the next targets to be tested.

(Disclaimer)

Analyst InstaForex
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