The AUD/JPY is trading at 98.04, marking a 0.12% gain during Monday's session.
The RSI on both daily and hourly charts is in the positive zone, but momentum is limited.
The overall trend remains bullish as the buyers recovered the 20-day SMA.
In Monday's session, the AUD/JPY pair is trading at 98.04, reflecting a 0.12% gain. Despite a slight decrease in buying momentum, there's an overall moderate bullish sentiment dominating the market as indicators seem to recover after recent declines.
On the daily chart, the AUD/JPY pair's Relative Strength Index (RSI) is currently in positive territory, indicating that buyers have had the edge recently after diving below 50. Despite slight decreases in the latest readings, there's still a moderate bullish momentum. The Moving Average Convergence Divergence (MACD) histogram shows flat red bars, suggesting a loss in positive momentum but a still mildly bullish sentiment in the market
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