(Last Updated June 16, 2022 1:36 GMT)
Currently, AUDJPY’s rate is up 2270 pips (0.24%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as AUDJPY has now gone up 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
AUDJPY End of Day Recap
Updated 00:30 GMT (04:30 EST)
After 4 down days, AUDJPY snaps its streak, rising 65 pips (0.7%) over the past day to close at an exchange rate of 93.7. Relative to other instruments in the Forex asset class, AUDJPY ranked 9th the day prior in terms of percentage price change. The price chart of AUDJPY below illustrates.
AUDJPY Technical Analysis
Notably, AUDJPY is now close to its 20 and 50 day averages, located at 92.8059 and 92.424 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 14 days AUDJPY’s price has gone up 9 them.