AUD/JPY Holds Near 94.50 with Support from 9‑Day EMA
On Thursday, the AUD/JPY pair stayed around 94.50. It found short-term support from its 9‑day EMA (around 94.0), helping it hold steady. A line on its chart shows prices moving up within a rising channel, which suggests a mild bullish trend.
A momentum indicator, the 14‑day RSI, is above 50. That also signals a slight buying bias.
If prices drop below the 9‑day EMA (near 94.0), it might lose strength and fall toward the 50‑day EMA around 93.3, and possibly down to around 91.5, last seen in early May.
On the upside, if the pair breaks above its current rising channel, it could climb to the recent three‑month high near 95.65 (hit in mid‑May). The next target beyond that could be around 95.20 at the top of the channel.
Impact:
AUD/JPY might continue to stay between about 94.0 and 95.6. A drop below the EMA could bring lower levels, while a break above the channel could push it higher.