The AUD/JPY currency pair experienced a significant decline during Tuesday’s trading session, approaching the 87.00 level. Bearish momentum prevails, with the price action concentrated near the lower boundary of its daily range. Resistance is observed in the 87.48 to 91.24 area, while longer-term moving averages corroborate the prevailing downtrend.
The pair’s decline reflects sustained selling pressure, evidenced by weakening short-term momentum indicators and a broader bearish market structure confirmed by long-term trend signals.
Technical analysis reveals the Relative Strength Index (RSI) at 22.24, indicating oversold conditions, yet without signs of reversal, suggesting continued bearish momentum. The Moving Average Convergence Divergence (MACD) indicator currently signals a sell. The Bull Bear Power indicator (−6.794) and Stochastic %K (17.85) present neutral signals, suggesting no immediate directional change.
Key moving averages further reinforce the negative outlook, with the 10-day Exponential Moving Average (EMA) at 91.24 and 10-day Simple Moving Average (SMA) at 92.28 positioned significantly above the current price. Similarly, the 20-day SMA (93.24), 100-day SMA (96.17), and 200-day SMA (98.16) maintain their downward trajectories, affirming the dominant bearish sentiment.
