The AUD/JPY currency pair is showing signs of recovery after a slight decline of 0.17% on Monday. The exchange rate has rebounded by 0.39%, bouncing off the 20-day Simple Moving Average (SMA) at 100.45. As the Asian trading session unfolds on Wednesday, the pair is currently trading at 101.26, reflecting a modest increase of 0.05%.
Market momentum appears to be favoring the bulls, with traders targeting the yearly high as they look to capitalize on the upward trend. The recent gains may signal a shift in sentiment, potentially attracting more investors to the AUD/JPY as it seeks to break through key resistance levels in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2025-11-18 23:36
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.