#AUDJPY @ 91.7430 The trades sideways, within a busy area surrounded by all the daily Moving Averages. (Pivot Orderbook analysis)

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• The AUD/JPY trades sideways, within a busy area surrounded by all the daily Moving Averages.
• AUD/JPY Price Analysis: Range-bound within the 91.57-89 area.

The pair currently trades last at 91.7430.

The previous day high was 91.94 while the previous day low was 91.31. The daily 38.2% Fib levels comes at 91.7, expected to provide support. Similarly, the daily 61.8% fib level is at 91.55, expected to provide support.

The AUD/JPY fluctuates as the Asian session begins, registering minuscule gains of 0.07%, exchanging hands at around 91.73. A risk-on impulse bolstered the Australian Dollar(AUD), while the Bank of Japan’s (BoJ) newly appointed Governor Kazuo Ueda’s dovish comments were a headwind for the Japanese Yen (JPY).

With the AUD/JPY bottoming around the 91.30 area in the last couple of days, price action is contained within the confluence of all the daily Exponential Moving Averages (EMAs) around the 91.57-89 area. Furthermore, the AUD/JPY is trading sideways as the Relative Strength Index (RSI) shifts flat, meaning buyers and sellers are at equilibrium.

If the AUD/JPY clears the top of the range, the next resistance would be 92.00. A breach of the latter will expose the February 21 high at 93.00, followed by the December 13 high at 93.35. Once reclaimed, the AUD/JPY’s next stop would be the psychological 94.00 barrier.

As an alternate scenario, sellers would exert downward pressure on the pair if the AUD/JPY clears a one-month-old upslope support trendline. The AUD/JPY first support would be the 91.00 figure. Break below, and the pair would fall toward the February 10 swing low at 90.22 and then the 90.00 psychological level.

Technical Levels: Supports and Resistances

AUDJPY currently trading at 91.77 at the time of writing. Pair opened at 91.76 and is trading with a change of 0.01 % .

The pair is trading below its 20 Daily moving average @ 91.82, above its 50 Daily moving average @ 90.83 , below its 100 Daily moving average @ 92.11 and below its 200 Daily moving average @ 93.12

The previous day high was 91.94 while the previous day low was 91.31. The daily 38.2% Fib levels comes at 91.7, expected to provide support. Similarly, the daily 61.8% fib level is at 91.55, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 91.4, 91.04, 90.77
• Pivot resistance is noted at 92.03, 92.3, 92.67

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