Key support levels to monitor for #AUDJPY at 93.7980 include the low on August 9 at 93.52, the low on August 8 at 92.89, and the bottom edge of Kumo at 92.78.
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- AUD/JPY support levels to watch are the August 9 low at 93.52, the August 8 low at 92.89, and Kumo’s bottom edge at 92.78.
The pair currently trades last at 93.7980.
The previous day high was 93.98 while the previous day low was 92.9. The daily 38.2% Fib levels comes at 93.57, expected to provide support. Similarly, the daily 61.8% fib level is at 93.32, expected to provide support.
AUD/JPY remains undecisive as Wednesday’s price action printed a doji; simultaneously, the Tenkan-Sen crossed above the Kijun-Sen, a bullish signal that warrants further upside. Nevertheless, price action inside the Ichimoku Cloud (Kumo) would cap AUD/JPY movement. The AUD/JPY changes hands at 93.80, almost flat as the Asian session begins.
From a technical perspective, the AUD/JPY is set to remain sideways, as price action lies inside the Kumo. But after three days of consecutive gains, the last one formed a doji, suggesting that neither buyers nor sellers are in charge, after breaking a support trendline drawn from year-to-date (YTD) lows of 86.06.
Given the backdrop, the AUD/JPY could test the lows of the Kumo, despite upside risks remaining. The AUD/JPY would test the August 9 daily low of 93.52. A breach of the latter would expose the August 8 daily low of 92.89, followed by the bottom of the Kumo at 92.78.
On the other hand, if AUD/JPY reclaims 94.00, the pair could test the top of the Kumo, but first, it would need to clear key resistance levels. The first resistance would be the Kijun-Sen and Tenkan-Sen levels, each at 94.05 and 94.36, followed by the top of the Kumo at 94.90/98.
Technical Levels: Supports and Resistances
AUDJPY currently trading at 93.83 at the time of writing. Pair opened at 93.82 and is trading with a change of 0.01 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 93.83 |
| 1 | Today Daily Change | 0.01 |
| 2 | Today Daily Change % | 0.01 |
| 3 | Today daily open | 93.82 |
The pair is trading below its 20 Daily moving average @ 94.47, below its 50 Daily moving average @ 94.76 , above its 100 Daily moving average @ 92.34 and above its 200 Daily moving average @ 91.91
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 94.47 |
| 1 | Daily SMA50 | 94.76 |
| 2 | Daily SMA100 | 92.34 |
| 3 | Daily SMA200 | 91.91 |
The previous day high was 93.98 while the previous day low was 92.9. The daily 38.2% Fib levels comes at 93.57, expected to provide support. Similarly, the daily 61.8% fib level is at 93.32, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 93.16, 92.49, 92.08
- Pivot resistance is noted at 94.24, 94.65, 95.31
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 93.98 |
| Previous Daily Low | 92.90 |
| Previous Weekly High | 95.83 |
| Previous Weekly Low | 92.97 |
| Previous Monthly High | 96.84 |
| Previous Monthly Low | 91.79 |
| Daily Fibonacci 38.2% | 93.57 |
| Daily Fibonacci 61.8% | 93.32 |
| Daily Pivot Point S1 | 93.16 |
| Daily Pivot Point S2 | 92.49 |
| Daily Pivot Point S3 | 92.08 |
| Daily Pivot Point R1 | 94.24 |
| Daily Pivot Point R2 | 94.65 |
| Daily Pivot Point R3 | 95.31 |
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