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AUD/JPY Price Analysis: Trades soft near 90.10 zone with bearish outlook intact

  • AUD/JPY trades near the 90.10 area after easing modestly ahead of the Asian session.
  • Momentum indicators are mixed, but moving averages continue to align with bearish pressure.
  • Resistance is seen at 90.49, 90.50, and 90.57, while downside risk builds below the 90.00 handle.

The AUDJPY pair is flashing an overall bearish signal, currently trading around 90.10 after a modest dip during Tuesday’s session. The cross remains mid-range between the day’s low of 89.64 and high of 90.58, suggesting hesitation in either direction as markets await fresh momentum into Asia.

From a technical perspective, short-term indicators show a mixed picture. The Relative Strength Index (RSI) holds neutral near the 42 level, while the MACD is beginning to flash a buy signal. Complementing the indecisiveness, both the Stochastic %K and the Commodity Channel Index (CCI) remain in neutral territory, suggesting consolidation rather than trend continuation in the near term.

Despite the muted momentum, broader trend signals continue to lean bearish. The 20-day, 100-day, and 200-day Simple Moving Averages (SMAs), all located above 91.00, confirm prevailing downside bias. The 10-day EMA and SMA, sitting just above the current price at 90.57 and 90.50 respectively, add immediate resistance.

Traders may look to resistance levels at 90.49, 90.50, and 90.57 should any bullish correction emerge. However, the overall tone remains cautious, with sellers likely to retain control if the pair remains capped below the 91.00 region.

AUD/JPY daily chart

Author

Patricio Martín

Patricio is an economist from Argentina passionate about global finance and understanding the daily movements of the markets.

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