Technical Analysis – AUDJPY continues to consolidate in a narrow range

AUDJPY remains confined in a relatively narrow sideways range, between 73.90 and 76.30, since early May. The near-term outlook is therefore neutral, with a break on either side needed to provide the directional bias. Momentum oscillators also paint a flat picture, with the RSI flattening near its neutral 50 line, and the MACD being close […]