06.11.202407:49 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday November 06, 2024.

Relevance up to 23:00 2024-11-06 UTC--5

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On the 4-hour chart, the AUD/JPY cross currency pair can be seen showing the EMA 50 and EMA 200 in a Golden Cross condition, meaning that Buyers are still dominant in the currency pair, especially with confirmation by the appearance of hidden deviations between the price movements of this currency pair and the Stochastic Oscillator indicator, so as long as there is no weakening correction that breaks and closes below the 99.66 level, AUD/JPY will certainly continue to strengthen, where the 100.83 level will be tested and broken upwards. If successful, AUD/JPY has the potential to continue strengthening to the 101.30 level as its main target, and if volatility and momentum support it, the 102.00 level will be the next target.

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