The AUDJPY pair, currently trading at 94.5020, remains steady above the 94.50 level after pulling back from its highest point of the week.
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- AUD/JPY manages to stabilize above the 94.50 area after retreating from a weekly high.
The pair currently trades last at 94.5020.
The previous day high was 95.38 while the previous day low was 94.55. The daily 38.2% Fib levels comes at 94.87, expected to provide resistance. Similarly, the daily 61.8% fib level is at 95.06, expected to provide resistance.
The AUD/JPY pair drops from a weekly high of 95.40 and remains steady around 94.50 during the early Asian session on Monday. According to the one-hour chart, the path of least resistance for the AUD/JPY is to the downside, as the cross stands below the 50- and 100-hour Exponential Moving Averages (EMA).
The 94.70 level is the immediate barrier for AUD/JPY bulls, representing the 100-hour EMA. A break above the latter could see the cross test 95.40 (High of July 14), followed by 95.60 (High of July 7). The critical resistance level is seen at 96.00, portraying a psychological round mark and a low of July 5.
On the flip side, the cross will meet an initial support level at 94.35 (a daily low). The next contention is seen at 94.00, representing a psychological level and horizontal support line. The additional downside filter to watch is 93.65 (Low of July 12).
It’s worth noting that the Relative Strength Index (RSI) is in a downtrend approaching the oversold zone. Further downside for AUD/JPY cannot be ruled out.
Technical Levels: Supports and Resistances
AUDJPY currently trading at 94.53 at the time of writing. Pair opened at 94.93 and is trading with a change of -0.42 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 94.53 |
| 1 | Today Daily Change | -0.40 |
| 2 | Today Daily Change % | -0.42 |
| 3 | Today daily open | 94.93 |
The pair is trading below its 20 Daily moving average @ 95.7, above its 50 Daily moving average @ 93.71 , above its 100 Daily moving average @ 91.59 and above its 200 Daily moving average @ 91.85
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 95.70 |
| 1 | Daily SMA50 | 93.71 |
| 2 | Daily SMA100 | 91.59 |
| 3 | Daily SMA200 | 91.85 |
The previous day high was 95.38 while the previous day low was 94.55. The daily 38.2% Fib levels comes at 94.87, expected to provide resistance. Similarly, the daily 61.8% fib level is at 95.06, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 94.52, 94.12, 93.68
- Pivot resistance is noted at 95.36, 95.79, 96.2
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 95.38 |
| Previous Daily Low | 94.55 |
| Previous Weekly High | 95.48 |
| Previous Weekly Low | 93.27 |
| Previous Monthly High | 97.68 |
| Previous Monthly Low | 90.30 |
| Daily Fibonacci 38.2% | 94.87 |
| Daily Fibonacci 61.8% | 95.06 |
| Daily Pivot Point S1 | 94.52 |
| Daily Pivot Point S2 | 94.12 |
| Daily Pivot Point S3 | 93.68 |
| Daily Pivot Point R1 | 95.36 |
| Daily Pivot Point R2 | 95.79 |
| Daily Pivot Point R3 | 96.20 |
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