The currency pair AUDJPY, trading at a price of 95.4400, goes through a sharp decline caused by increasing caution towards risks; international economic indicators suggest a possible decrease in growth rate.
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- AUD/JPY experiences a plunge due to rising risk aversion; global business indicators hint at a potential slowdown.
The pair currently trades last at 95.4400.
The previous day high was 96.84 while the previous day low was 96.06. The daily 38.2% Fib levels comes at 96.35, expected to provide resistance. Similarly, the daily 61.8% fib level is at 96.54, expected to provide resistance.
AUD/JPY plunges due to risk aversion, as solid data from the United States (US) increased the odds for further tightening by the US Federal Reserve (Fed). That, alongside worldwide business activity indicators showing signs of slowing down, ignited recession risks. The AUD/JPY is trading at 95.44, down 0.83%.
The AUD/JPY remains upward biased from a medium-term perspective, though the ongoing pullback could extend toward the Senkou Span A at 95.19. If AUD/JPY slides below that level, the cross-currency pair would test the 95.00 psychological level. A breach of the latter will expose the Kijun-Sen line at 94.39, followed by the 94.00 figure.
If AUD/JPY aims toward 95.00 and bounces off that level, the first resistance would be the Tenkan-Sen line at 95.99. If that level is surpassed, the AUD/JPY first resistance would be 97.00. Once broken, the next ceiling level would be the year-to-date (YTD) high at 97.67.
Technical Levels: Supports and Resistances
AUDJPY currently trading at 95.43 at the time of writing. Pair opened at 96.26 and is trading with a change of -0.86 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 95.43 |
| 1 | Today Daily Change | -0.83 |
| 2 | Today Daily Change % | -0.86 |
| 3 | Today daily open | 96.26 |
The pair is trading below its 20 Daily moving average @ 95.85, above its 50 Daily moving average @ 93.09 , above its 100 Daily moving average @ 91.42 and above its 200 Daily moving average @ 91.8
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 95.85 |
| 1 | Daily SMA50 | 93.09 |
| 2 | Daily SMA100 | 91.42 |
| 3 | Daily SMA200 | 91.80 |
The previous day high was 96.84 while the previous day low was 96.06. The daily 38.2% Fib levels comes at 96.35, expected to provide resistance. Similarly, the daily 61.8% fib level is at 96.54, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 95.93, 95.61, 95.16
- Pivot resistance is noted at 96.71, 97.16, 97.49
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 96.84 |
| Previous Daily Low | 96.06 |
| Previous Weekly High | 96.50 |
| Previous Weekly Low | 95.16 |
| Previous Monthly High | 97.68 |
| Previous Monthly Low | 90.30 |
| Daily Fibonacci 38.2% | 96.35 |
| Daily Fibonacci 61.8% | 96.54 |
| Daily Pivot Point S1 | 95.93 |
| Daily Pivot Point S2 | 95.61 |
| Daily Pivot Point S3 | 95.16 |
| Daily Pivot Point R1 | 96.71 |
| Daily Pivot Point R2 | 97.16 |
| Daily Pivot Point R3 | 97.49 |
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