#AUDJPY @ 91.9380 The cleared the 50/200/100-day Exponential Moving Averages (EMAs) on its way to 92.20s. (Pivot Orderbook analysis)

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• The AUD/JPY cleared the 50/200/100-day Exponential Moving Averages (EMAs) on its way to 92.20s.
• AUD/JPY: A tweezers bottom candle chart pattern to pave the way for further upside.

The pair currently trades last at 91.9380.

The previous day high was 92.17 while the previous day low was 91.09. The daily 38.2% Fib levels comes at 91.5, expected to provide support. Similarly, the daily 61.8% fib level is at 91.75, expected to provide support.

The Australian Dollar (AUD) recovered some of its lost ground against the Japanese Yen (JPY) and rises, aligned with risk-perceived assets, bolstered by the US Federal Reserve (Fed) decision to raise rates by a quarter of a percentage, to 4.50% – 4.75% range, with the market’s perception of a dovish Fed. At the time of writing, the AUD/JPY exchanges hands at 91.99 after hitting a daily low of 91.21, above its opening price by 0.31%.

After the Fed’s decision, the AUD/JPY pair rebounded off the day’s low at 91.21, as market sentiment remained sour ahead of the Fed’s meeting. Once the headlines crossed newswires and Powell’s presser began, the AUD/JPY edged up, clearing on its way north the 50, 200, and 100-day Exponential Moving Averages (EMAs), each at 91.31, 91.55, and 91.95, respectively.

As the New York session is about to end, an AUD/JPY close above the 100-day EMA will exacerbate a rally towards the January 26 swing high at 92.81. Once the spot price claims above the latter, the 93.00 figure would be next; after that, the December 13 daily high at 93.35 would be tested.

As an alternate scenario, the AUD/JPY first support would be the 200-day EMA at 91.55. Break below would send the pair sliding towards the 50-day EMA At 91.33, ahead of the February 1 low at 91.21.

Technical Levels: Supports and Resistances

AUDJPY currently trading at 92.0 at the time of writing. Pair opened at 91.86 and is trading with a change of 0.15 % .

The pair is trading above its 20 Daily moving average @ 90.83, above its 50 Daily moving average @ 91.11 , below its 100 Daily moving average @ 92.57 and below its 200 Daily moving average @ 93.04

The previous day high was 92.17 while the previous day low was 91.09. The daily 38.2% Fib levels comes at 91.5, expected to provide support. Similarly, the daily 61.8% fib level is at 91.75, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 91.25, 90.63, 90.17
• Pivot resistance is noted at 92.32, 92.78, 93.4

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