AUD/JPY - The Price of Patience
The AUD/JPY pair is trading in a sideways range on the 30-minute chart, with the price currently consolidating between the 94.20 and 94.40 levels. The pair has been trading in this range for the past few days, and it is unclear which way it will break out.
Fundamental Analysis
The fundamental factors that are affecting the AUD/JPY pair include the following:
The Australian economy is growing at a slower pace than expected, which is weighing on the Australian dollar.
The Japanese economy is also growing at a slower pace, but the Bank of Japan is expected to keep interest rates low, which is supportive of the Japanese yen.
The risk appetite of investors is declining, which is making them less willing to hold riskier assets like the Australian dollar.
Technical Analysis
The technical indicators on the 30-minute chart are mixed. The RSI is neutral, while the MACD is bearish. The stochastic oscillator is also bearish, but it is starting to turn up.
Conclusion
The AUD/JPY pair is trading in a sideways range on the 30-minute chart. The fundamental factors are mixed, and the technical indicators are also mixed. The pair is likely to remain range-bound for the time being, but it could break out to the upside or downside if there is a significant change in the fundamental or technical factors.
Fundamental Analysis
The fundamental factors that are affecting the AUD/JPY pair include the following:
The Australian economy is growing at a slower pace than expected, which is weighing on the Australian dollar.
The Japanese economy is also growing at a slower pace, but the Bank of Japan is expected to keep interest rates low, which is supportive of the Japanese yen.
The risk appetite of investors is declining, which is making them less willing to hold riskier assets like the Australian dollar.
Technical Analysis
The technical indicators on the 30-minute chart are mixed. The RSI is neutral, while the MACD is bearish. The stochastic oscillator is also bearish, but it is starting to turn up.
Conclusion
The AUD/JPY pair is trading in a sideways range on the 30-minute chart. The fundamental factors are mixed, and the technical indicators are also mixed. The pair is likely to remain range-bound for the time being, but it could break out to the upside or downside if there is a significant change in the fundamental or technical factors.
I hope this was helpful.
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
Trade wisely!
ymagnify.com/
This analysis represents my thoughts at the date it is posted.
This analysis does not represent professional and/or financial advice.
Trade wisely!
ymagnify.com/
