The AUDJPY pair has slightly increased by 0.04% and is now being traded at 94.65, after experiencing a 0.30% increase on Monday. It is getting closer to a significant resistance trendline at the 94.90/95.00 level.
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- AUD/JPY pair inches up 0.04% to trade at 94.65, following a 0.30% gain on Monday, as it approaches a key resistance trendline at 94.90/95.00.
The pair currently trades last at 94.6500.
The previous day high was 94.42 while the previous day low was 93.86. The daily 38.2% Fib levels comes at 94.07, expected to provide support. Similarly, the daily 61.8% fib level is at 94.21, expected to provide support.
As Tuesday’s Asian session begins, the Aussie Dollar (AUD) climbs a minuscule 0.04% against the Japanese Yen (JPY), following Monday’s upbeat session, the AUD/JPY gained more than 0.30%. The cross-currency pair exchanges hands at 94.65, ahead of the Reserve Bank of Australia’s (RBA) monetary policy decision.
From a daily chart perspective, the AUD/JPY remains neutral to upward biased, with the cross above the Ichimoku cloud, but about to face solid resistance at a downslope resistance trendline at around 94.90/95.00. A breach of that area would expose the July 25 high at 95.85 before the pair edges toward the psychological 96.00 mark. Downside risks emerge at around the top of the Ichimoku Cloud (Kumo) at 94.08, followed by an upslope support trendline at 93.50/60.
In the short term, the 1-hour chart depicts the pair consolidating art around the daily pivot, with upside risks seen above yesterday’s high of 94.72. Next, resistance emerges at the R1 daily pivot at 94.84, followed by the August 30 high at 5.06, confluence with the R2 daily pivot. Conversely, the AUD/JPY first support emerges at the Senkou-Span A and the daily pivot at 94.50/51. The break below will expose the confluence of the Senkou Span B and the S1 pivot at 94.28.
Technical Levels: Supports and Resistances
AUDJPY currently trading at 94.67 at the time of writing. Pair opened at 94.35 and is trading with a change of 0.34 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 94.67 |
| 1 | Today Daily Change | 0.32 |
| 2 | Today Daily Change % | 0.34 |
| 3 | Today daily open | 94.35 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 93.98, 50 SMA 94.59, 100 SMA @ 93.33 and 200 SMA @ 91.92.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 93.98 |
| 1 | Daily SMA50 | 94.59 |
| 2 | Daily SMA100 | 93.33 |
| 3 | Daily SMA200 | 91.92 |
The previous day high was 94.42 while the previous day low was 93.86. The daily 38.2% Fib levels comes at 94.07, expected to provide support. Similarly, the daily 61.8% fib level is at 94.21, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 94.0, 93.65, 93.44
- Pivot resistance is noted at 94.56, 94.77, 95.13
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 94.42 |
| Previous Daily Low | 93.86 |
| Previous Weekly High | 95.06 |
| Previous Weekly Low | 93.78 |
| Previous Monthly High | 95.81 |
| Previous Monthly Low | 92.79 |
| Daily Fibonacci 38.2% | 94.07 |
| Daily Fibonacci 61.8% | 94.21 |
| Daily Pivot Point S1 | 94.00 |
| Daily Pivot Point S2 | 93.65 |
| Daily Pivot Point S3 | 93.44 |
| Daily Pivot Point R1 | 94.56 |
| Daily Pivot Point R2 | 94.77 |
| Daily Pivot Point R3 | 95.13 |
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