The AUDJPY pair closed at 94.9400 on Thursday, experiencing a 0.44% increase. However, it was unable to maintain its position above the 95.00 mark, causing a downward correction.

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• AUD/JPY gained 0.44% on Thursday but couldn’t hold above the 95.00 level, triggering a downward correction.

The pair currently trades last at 94.9400.

The previous day high was 94.84 while the previous day low was 94.21. The daily 38.2% Fib levels comes at 94.45, expected to provide support. Similarly, the daily 61.8% fib level is at 94.6, expected to provide support.

The AUD/JPY printed solid gains of 0.44% on Thursday but failed to cling to gains past the 95.00 mark, exacerbating a downward correction amid a risk-off impulse. As Friday’s Asian session begins, the AUD/JPY is trading at 94.93, gains 0.02%, though still below the 95.00 figure, and is set to consolidate within familiar levels.

From a daily chart perspective, the AUD/JPY is set to continue to trend upwards, but buyers must reclaim the Tenkan-Sen line at 95.42, but firstly they would need to conquer the 95.00 figure. Conversely, if AUD/JPY sellers hold prices below 95.00, that would exacerbate a fall toward the Kijun-Sen line at 94.32.

The AUD/JPY shifted neutral from an intraday perspective, as the hourly chart shows. With the price falling below the Tenkan-Sen line at 95.13 and hoovering around the Kijun-Sen line at 94.93, the pair remains trendless but slightly tilted to the downside after breaking solid support at 95.00.

If AUD/JPY dives below the Kijun-Sen level, the next stop would be the Senkou-Span B level at 94.81. Once sellers conquer that demand area, the following support would be the November 16 daily high at 94.65, followed by the top of the Ichimoku Cloud (Kumo) at 94.50.

Conversely, if AUD/JPY buyers reclaim 95.00, that could pave the way for an upside move, with the Tenkan-Sen level as the first resistance at 95.13. A breach of the latter will expose the July 10 high at 95.47, followed by the October 21 high of 95.74, before challenging 96.00.

Technical Levels: Supports and Resistances

AUDJPY currently trading at 94.95 at the time of writing. Pair opened at 94.55 and is trading with a change of 0.42 % .

The pair is trading below its 20 Daily moving average @ 95.4, above its 50 Daily moving average @ 93.9 , above its 100 Daily moving average @ 91.68 and above its 200 Daily moving average @ 91.89

The previous day high was 94.84 while the previous day low was 94.21. The daily 38.2% Fib levels comes at 94.45, expected to provide support. Similarly, the daily 61.8% fib level is at 94.6, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 94.23, 93.9, 93.6
• Pivot resistance is noted at 94.86, 95.16, 95.48

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