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FX.co ★ Technical Analysis of Intraday Price Movement of AUD/JPY Mixed Currency Pair , Wednesday, March 05, 2025.

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Forex Analysis:::2025-03-05T04:52:44

Technical Analysis of Intraday Price Movement of AUD/JPY Mixed Currency Pair , Wednesday, March 05, 2025.

Technical Analysis of Intraday Price Movement of AUD/JPY Mixed Currency Pair , Wednesday, March 05, 2025.

AUD/JPY on its 4-hour chart appears to be strengthening, which is confirmed by the appearance of Divergence between its price movement and the Stochastic Oscillator indicator as well as its price movement which is above EMA (21), which has a slope that dives upwards, so AUD/JPY in the near future has the potential to strengthen up to the level of 94.81, even if the momentum and volatility support it, AUD/JPY has the potential to continue strengthening up to the level of 95.63, but if on its way to the target levels that have been described, there is a sudden weakening, especially if it breaks through and closes below the level of 92.27, then all the strengthening setups that have been described previously will be canceled by themselves.

(Disclaimer)

Analyst InstaForex
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