FX.co ★ Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday, March 27 2024.

Although on the 4 hour chart both of its MA (50 & 200) formed the intersection of Golden Cross which indicates that the Buyers still dominant on AUD/JPY, but with the formation of Bearish 123 pattern, gives the clue that in the near future AUD/JPY has the potential to weaken and test the level 98,42, but as long as the weakness does not exceed below the level 98,16, then AUD/JPY today still has the potential to return to its strengthen upward where level 99,19 will become the main target to test and if the momentum as well as the volatility supporting and apparently level 99,19 can be broken above, then NZD/USD has the potential to continue its strengthening to the level 100,10.

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