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26.02.202507:33 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday February 26, 2025.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 26.02.2025 analysis

In the 4-hour chart of the AUD/JPY cross currency pair, there is an appearance of a Descending Broadening Wedge pattern followed by the appearance of Divergence between the AUD/JPY price movement and the Stochastic Oscillator indicator, which all of it indicates that in the near future, even though AUD/JPY it is under pressure, is indicated by its price movement moving below the MA 20 (Middle Line Bollinger Band) and has the potential to rise and to test the 95.39 level. If this level is successfully breaks and closed above it by AUD/JPY, then 95.79 and 96.60 will be the next targets to be targeted, but if on its way to these target levels, there is a sudden downward correction that breaks and closes below the 93.96 level, then all the strengthening setups that have been described previously will be invalid.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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