13/07/2023
The AUD/JPY cross is showing signs of a comeback, building on its previous day's recovery from the lowest point since June 9, which was in the 93.25-93.20 range. For the second day in a row, it's gaining positive momentum. During the Asian trading session, spot prices even hit a two-day peak, around the 94.40 mark. Now, it seems set to push the momentum even further, surpassing the 100-hour Simple Moving Average (SMA).