FX.co ★ Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday, October 4 2023.

If we look at the 4 hour chart of AUD/JPY cross currency pairs, there will be a deviation between its price movement with Stochastic Oscillator where this gives the clue that in the near future, AUD/JPY will appreciate rally above to the level 95,33, if the momentum as well as the volatility quite supporting then it is not impossible for AUD/JPY to continue its strength back to the level 96,16 unless if in the way to those level suddenly there is the downward correction to the level 93,07, then, the upward rally scenario that has been described before will become invalid and automatically cancel itself.

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