#AUDJPY @ 89.8030 pair tests 50-DMA but fails to hold gains, capped by technical resistance. (Pivot Orderbook analysis)
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- AUD/JPY pair tests 50-DMA but fails to hold gains, capped by technical resistance.
- AUD/JPY must break through 50-day EMA and 90.00 figure for bullish continuation.
- For a bearish scenario, the AUD/JPY must reclaim the 20-DMA at 89.04.
The pair currently trades last at 89.8030.
The previous day high was 89.68 while the previous day low was 88.63. The daily 38.2% Fib levels comes at 89.03, expected to provide support. Similarly, the daily 61.8% fib level is at 89.28, expected to provide support.
The AUD/JPY rallied sharply on upbeat market sentiment and hit a three-week high at 90.05 but retreated somewhat towards the end of Monday’s session. As the Asian session begins, the AUD/JPY is trading at 89.81
On Monday, the AUD/JPY pair tested the 50-day Exponential Moving Average (EMA)at 89.93 but could not hold to its gains above the latter. Additionally, it tested an upslope previous support trendline and turned resistance, which capped AUD/JPY’s upward move. Oscillators like the Relative Strength Index (RSI) at bullish territory shifted flat, suggesting buyers are taking a respite. The Rate of Change (RoC) portrays that buying pressure is cooling. Hence, the AUD/JPY might consolidate in the near term.
The AUD/JPY must crack the 50-day EMA and the 90.00 figure for a bullish continuation. Once cleared, the AUD/JPY could test the 100-day EMA at 90.78 before approaching the 200-day EMA at 91.04. In an alternate scenario, a bearish one, the AUD/JPY first support would be the 20-day EMA at 89.04. Break below, and the AUD/JPY will head toward the week’s low of 88.55, ahead of challenging 88.00.
Technical Levels: Supports and Resistances
AUDJPY currently trading at 89.79 at the time of writing. Pair opened at 88.83 and is trading with a change of 1.08 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 89.79 |
| 1 | Today Daily Change | 0.96 |
| 2 | Today Daily Change % | 1.08 |
| 3 | Today daily open | 88.83 |
The pair is trading above its 20 Daily moving average @ 88.78, below its 50 Daily moving average @ 90.64 , below its 100 Daily moving average @ 91.0 and below its 200 Daily moving average @ 92.62
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 88.78 |
| 1 | Daily SMA50 | 90.64 |
| 2 | Daily SMA100 | 91.00 |
| 3 | Daily SMA200 | 92.62 |
The previous day high was 89.68 while the previous day low was 88.63. The daily 38.2% Fib levels comes at 89.03, expected to provide support. Similarly, the daily 61.8% fib level is at 89.28, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 88.41, 88.0, 87.36
- Pivot resistance is noted at 89.47, 90.1, 90.52
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 89.68 |
| Previous Daily Low | 88.63 |
| Previous Weekly High | 89.68 |
| Previous Weekly Low | 86.67 |
| Previous Monthly High | 92.25 |
| Previous Monthly Low | 86.06 |
| Daily Fibonacci 38.2% | 89.03 |
| Daily Fibonacci 61.8% | 89.28 |
| Daily Pivot Point S1 | 88.41 |
| Daily Pivot Point S2 | 88.00 |
| Daily Pivot Point S3 | 87.36 |
| Daily Pivot Point R1 | 89.47 |
| Daily Pivot Point R2 | 90.10 |
| Daily Pivot Point R3 | 90.52 |
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