FX.co ★ Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday, February 28 2024.

If we pay attention on the 4 hour chart of AUD/JPY cross currency pairs seems like moving below WMA 20 which is also has the downward slope, and also gives the clue that in a nearest time, AUD/JPY will try to weakening down to the level 97,94. If this level is strong enough to act like a support level to hold the weakness of AUD/JPY, then this currency pairs has the potential to return to its strengthening. However, during the strengthening does not break above the level 98,56, then AUD/JPY has the potential to return to its weakness until the level of 97,64.

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