The AUDJPY currency pair is trading at 95.3400, and based on the trendline analysis, there is a tendency for the pair to have a neutral to bearish bias. This is indicated by the difficulty the pair is encountering in surpassing the Kijun-Sen line at 95.32.
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- AUD/JPY trendline suggests a neutral to downward bias as the pair struggles to break the Kijun-Sen line at 95.32.
The pair currently trades last at 95.3400.
The previous day high was 95.79 while the previous day low was 94.65. The daily 38.2% Fib levels comes at 95.35, expected to provide resistance. Similarly, the daily 61.8% fib level is at 95.09, expected to provide support.
AUD/JPY registers minuscule losses of 0.07% after touching a daily low of 94.86, but a late risk-on impulse boosted the Australian Dollar (AUD) toward the current exchange rate. The AUD/JPY is trading at 95.30, down 0.05%.
In the near term, the outlook for the AUD/JPY is neutral to downward biased after the pair struggled to break above the Kijun-Sen line at 95.32 for the last couple of days. Aldo, a formation of a bearish harami with a hanging man, suggests sellers are gathering momentum.
That said, the AUD/JPY first support would be the 95.00 figure, followed by the Tenkan-Sen at 94.78. A breach of those levels would expose the top of the Kuo at 94.50/60, followed by the 94.00 figure.
Conversely, if AUD/JPY reclaims the Kijun-Sen, at 95.32, the next resistance would emerge at the October 21 daily high at 95.7, ahead of challenging the 96.00 mark.
Oscillator-wise, the Relative Strength Index (RSI) portrays the pair as bullish; however, the three-day Rate of Change (RoC) shows buying pressure is waning, opening the door for a pullback.
Hence, technical signals suggest the AUD/JPY might be headed downwards, with the Kijun-Sen standing above the Tenkan-Sen, price action below the former, and the Chikou Span turning bearish; the AUD/JPY is headed downwards. That, alongside mixed oscillators, could pave the way for AUD/JPY losses.
Technical Levels: Supports and Resistances
AUDJPY currently trading at 95.36 at the time of writing. Pair opened at 95.44 and is trading with a change of -0.08 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 95.36 |
| 1 | Today Daily Change | -0.08 |
| 2 | Today Daily Change % | -0.08 |
| 3 | Today daily open | 95.44 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 95.29, 50 SMA 94.1, 100 SMA @ 91.74 and 200 SMA @ 91.92.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 95.29 |
| 1 | Daily SMA50 | 94.10 |
| 2 | Daily SMA100 | 91.74 |
| 3 | Daily SMA200 | 91.92 |
The previous day high was 95.79 while the previous day low was 94.65. The daily 38.2% Fib levels comes at 95.35, expected to provide resistance. Similarly, the daily 61.8% fib level is at 95.09, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 94.8, 94.16, 93.67
- Pivot resistance is noted at 95.94, 96.43, 97.07
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 95.79 |
| Previous Daily Low | 94.65 |
| Previous Weekly High | 95.79 |
| Previous Weekly Low | 93.78 |
| Previous Monthly High | 97.68 |
| Previous Monthly Low | 90.30 |
| Daily Fibonacci 38.2% | 95.35 |
| Daily Fibonacci 61.8% | 95.09 |
| Daily Pivot Point S1 | 94.80 |
| Daily Pivot Point S2 | 94.16 |
| Daily Pivot Point S3 | 93.67 |
| Daily Pivot Point R1 | 95.94 |
| Daily Pivot Point R2 | 96.43 |
| Daily Pivot Point R3 | 97.07 |
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