The AUDJPY pair starts the Asian session by declining to 95.30, a decrease of 0.05%, due to market expectations of a rate hike by the Reserve Bank of Australia (RBA) and unsatisfactory Consumer Price Index (CPI) data.
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- AUD/JPY kicks off the Asian session with a retreat, trading at 95.30, down 0.05% amid RBA rate hike speculations and disappointing CPI results.
The pair currently trades last at 95.2940.
The previous day high was 96.5 while the previous day low was 95.66. The daily 38.2% Fib levels comes at 96.18, expected to provide resistance. Similarly, the daily 61.8% fib level is at 95.98, expected to provide resistance.
The AUD/JPY retreats as the Asian session begins after registering huge losses of 1% on Wednesday, courtesy of speculations the Reserve Bank of Australia (RBA) would not raise rates as the Consumer Price Index (CPI) was below estimates. Therefore, the AUD/JPY is trading at 95.30, down 0.05%.
The AUD/JPY tumbled sharply after failing to pierce the Tenkan-Sen line at 96.41, extending its losses past the 96.00 figure, achieving a two-week low of 95.15. Despite the AUD/JPY pullback, it remains above the Ichimoku Cloud, confirming the uptrend, though about to face support at the Senkou Span A line at 95.18.
A fall below the latter could drag AUD/JPY prices toward the Kijun-Sen line at 93.96, slightly below the 94.00 figure, followed by last year’s December 13 daily high turned support at 93.35.
Conversely, if AUD/JPY buyers reclaim the 96.00 psychological level, that could open the door to recapturing the Tenkan-Sen resistance level at 96.41. Once cleared, the next resistance would be the 97.00 mark before testing the year-to-date (YTD) high of 97.67.
Technical Levels: Supports and Resistances
AUDJPY currently trading at 95.32 at the time of writing. Pair opened at 96.33 and is trading with a change of -1.05 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 95.32 |
| 1 | Today Daily Change | -1.01 |
| 2 | Today Daily Change % | -1.05 |
| 3 | Today daily open | 96.33 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 94.66, 50 SMA 92.3, 100 SMA @ 91.16 and 200 SMA @ 91.74.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 94.66 |
| 1 | Daily SMA50 | 92.30 |
| 2 | Daily SMA100 | 91.16 |
| 3 | Daily SMA200 | 91.74 |
The previous day high was 96.5 while the previous day low was 95.66. The daily 38.2% Fib levels comes at 96.18, expected to provide resistance. Similarly, the daily 61.8% fib level is at 95.98, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 95.83, 95.33, 95.0
- Pivot resistance is noted at 96.67, 97.0, 97.5
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 96.50 |
| Previous Daily Low | 95.66 |
| Previous Weekly High | 97.68 |
| Previous Weekly Low | 95.26 |
| Previous Monthly High | 92.44 |
| Previous Monthly Low | 89.16 |
| Daily Fibonacci 38.2% | 96.18 |
| Daily Fibonacci 61.8% | 95.98 |
| Daily Pivot Point S1 | 95.83 |
| Daily Pivot Point S2 | 95.33 |
| Daily Pivot Point S3 | 95.00 |
| Daily Pivot Point R1 | 96.67 |
| Daily Pivot Point R2 | 97.00 |
| Daily Pivot Point R3 | 97.50 |
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