#AUDJPY @ 97.2600 prepares to finish the week with gains close to 1.90%. (Pivot Orderbook analysis)
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- AUD/JPY prepares to finish the week with gains close to 1.90%.
- Negative divergence in the daily chart opened the door for an AUD/JPY fall towards 96.20.
The pair currently trades last at 97.2600.
The previous day high was 97.4 while the previous day low was 96.0. The daily 38.2% Fib levels comes at 96.87, expected to provide support. Similarly, the daily 61.8% fib level is at 96.54, expected to provide support.
The AUD/JPY finishes the day, forming a doji after dovish remarks by the RBA Governor Philip Lowe weighed on the Australian dollar, which weakened against most G8 currencies. At the time of writing, the AUD/JPY is trading at 97.27, slightly below its opening price, as the Asian Pacific session begins.
On Thursday, the AUD/JPY reached a fresh YTD high at 97.49 before tumbling towards the daily low at 96.63. However, late in the North American session, AUD/JPY buyers pushed the pair above the 97.00 thresholds, finishing Thursday’s session at 97.27.
AUD/JPY traders should be aware that the Relative Strength Index (RSI) turned flat, at 68.88, before entering overbought conditions, flashing signs of negative divergence between RSI and AUD/JPY price action.
Therefore, the AUD/JPY might be headed to the downside. The AUD/JPY first support would be the September 8 low at 96.62. Once broken, the next demand zone would be the September 7 daily low at 95.99, followed by the September 6 low at 95.48, before reaching the weekly low at 94.98.
Technical Levels: Supports and Resistances
AUDJPY currently trading at 97.29 at the time of writing. Pair opened at 97.28 and is trading with a change of 0.01 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 97.29 |
| 1 | Today Daily Change | 0.01 |
| 2 | Today Daily Change % | 0.01 |
| 3 | Today daily open | 97.28 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 94.95, 50 SMA 94.14, 100 SMA @ 93.31 and 200 SMA @ 89.16.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 94.95 |
| 1 | Daily SMA50 | 94.14 |
| 2 | Daily SMA100 | 93.31 |
| 3 | Daily SMA200 | 89.16 |
The previous day high was 97.4 while the previous day low was 96.0. The daily 38.2% Fib levels comes at 96.87, expected to provide support. Similarly, the daily 61.8% fib level is at 96.54, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 96.39, 95.5, 94.99
- Pivot resistance is noted at 97.79, 98.3, 99.19
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 97.40 |
| Previous Daily Low | 96.00 |
| Previous Weekly High | 96.20 |
| Previous Weekly Low | 94.71 |
| Previous Monthly High | 96.20 |
| Previous Monthly Low | 90.52 |
| Daily Fibonacci 38.2% | 96.87 |
| Daily Fibonacci 61.8% | 96.54 |
| Daily Pivot Point S1 | 96.39 |
| Daily Pivot Point S2 | 95.50 |
| Daily Pivot Point S3 | 94.99 |
| Daily Pivot Point R1 | 97.79 |
| Daily Pivot Point R2 | 98.30 |
| Daily Pivot Point R3 | 99.19 |
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