The AUDJPY pair has reached a resistance at the 96.00 level, causing it to temporarily stop its upward movement. It had previously surged to a new three-week high at 95.86.
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- AUD/JPY stalls ahead of breaching the 96.00 level after rallying to a new three-week high at 95.86.
The pair currently trades last at 95.6220.
The previous day high was 95.53 while the previous day low was 94.88. The daily 38.2% Fib levels comes at 95.12, expected to provide support. Similarly, the daily 61.8% fib level is at 95.28, expected to provide support.
AUD/JPY rallies to a new three-week high at 95.86, yet stalls ahead of breaching the 96.00 figure, at around 95.86, following an upside break of the Kijun-Sen line. Hence, the AUD/JPY has resumed its uptrend and trades at 95.66, almost flat as the Asian session begins.
The AUD/JPY uptrend remains intact but faces strong resistance at around 96.00. Traders are bracing for the US Federal Reserve (fed) monetary policy later at around 18:00 GMT and also for the Australian inflation figures, which could trigger a reaction in the pair,
If the AUD/JPY breaks the first resistance at 96.00, the next ceiling level would be the July 5 high at 96.83 before hitting 97.00. Once that level is cleared, the AUD/JPY would be poised to test the year-to-date (YTD) high of 97.67.
Conversely, if AUD/JPY retreats below the July 10 high turned support at 95.47, the pair would accelerate its fall toward the Kijun-Sen line at 95.03 before dipping below the 95.00 figure. Next support emerges at the Tenkan- Sen line at 94.82 as the key support level.
Technical Levels: Supports and Resistances
AUDJPY currently trading at 95.68 at the time of writing. Pair opened at 95.34 and is trading with a change of 0.36 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 95.68 |
| 1 | Today Daily Change | 0.34 |
| 2 | Today Daily Change % | 0.36 |
| 3 | Today daily open | 95.34 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 95.27, 50 SMA 94.18, 100 SMA @ 91.78 and 200 SMA @ 91.93.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 95.27 |
| 1 | Daily SMA50 | 94.18 |
| 2 | Daily SMA100 | 91.78 |
| 3 | Daily SMA200 | 91.93 |
The previous day high was 95.53 while the previous day low was 94.88. The daily 38.2% Fib levels comes at 95.12, expected to provide support. Similarly, the daily 61.8% fib level is at 95.28, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 94.97, 94.6, 94.32
- Pivot resistance is noted at 95.62, 95.9, 96.28
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 95.53 |
| Previous Daily Low | 94.88 |
| Previous Weekly High | 95.79 |
| Previous Weekly Low | 93.78 |
| Previous Monthly High | 97.68 |
| Previous Monthly Low | 90.30 |
| Daily Fibonacci 38.2% | 95.12 |
| Daily Fibonacci 61.8% | 95.28 |
| Daily Pivot Point S1 | 94.97 |
| Daily Pivot Point S2 | 94.60 |
| Daily Pivot Point S3 | 94.32 |
| Daily Pivot Point R1 | 95.62 |
| Daily Pivot Point R2 | 95.90 |
| Daily Pivot Point R3 | 96.28 |
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