AUD/JPY Price Analysis: Cross three-week-old resistance to regain 95.00 on strong Aussie jobs data

AUD/JPY Price Analysis: Cross three-week-old resistance to regain 95.00 on strong Aussie jobs data – by anilpanchal7 AUDJPY Technical Analysis ChartPatterns Australia Employment

le’s Bank of China’s inaction on early Thursday. That said, the cross-currency pair’s latest run-up surpasses a three-week-old descending resistance line and joins the upbeat RSI line to lure the pair buyers amid upbeat Aussie data.

Technically, the AUD/JPY pair’s upside break of the aforementioned resistance line allows it to prod the convergence of the 100-SMA and 200-SMA, around 95.15-20. However, the quote’s further upside appears difficult as the falling trend line on the RSI doesn’t comply with the latest trend line breakout on the prices.

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