AUDJPY is subdued slightly above the 50/100-day Exponential Moving Averages (EMAs), which are almost flat. (Pivot Orderbook analysis)

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• AUDJPY is subdued slightly above the 50/100-day Exponential Moving Averages (EMAs), which are almost flat.
• If The AUDJPY cracks 95.74, it could climb toward 96.00.
• AUDJPY Price Analysis: Once it clears the 50/100-day EMAs, a fall toward 93.50 is on the cards.

The pair currently trades last at 94.74.

The previous day high was 95.02 while the previous day low was 94.26. The daily 38.2% Fib levels comes at 94.73, expected to provide support. Similarly, the daily 61.8% fib level is at 94.55, expected to provide support.

The AUDUSD sits above the 50-day EMA following a subdued trading session in the financial markets that witnessed US equities fluctuating, though, in the end, Wall Street finished with decent gains. Therefore, risk-perceived currencies trimmed some of their earlier losses. The AUDUJPY is trading at 94.72, down by 0.21%, beneath its opening price.

Consolidation is the name of the game for the AUDJPY. With the 50 and 100-day EMAs lying within a narrow 33-pip range (94.57-94.22), price action meandered above the former, registering a weekly high of 95.19, while the Relative Strength Index (RSI) edged towards the 50-midline, still in bullish territory, though with a bearish slope, suggesting buying pressure is fading.

However, if Australian Dollar buyers reclaim the October 21 pivot high at 95.74, a test of the 96.00 psychological level is on the cards. Otherwise, market sentiment shifting sour or another round of intervention by the Bank of Japan (BoJ) would expose the Aussie Dollar to further selling pressure.

Therefore, the AUDJPY’s first support would be the confluence of the 50/100-day EMAs at around 94.57-94.22. A breach of the latter will expose an almost one-month-old upslope support trendline at around 93.50 before tumbling toward the psychological 93.00 figure on its way to the 200-day EMA at 91.85.

Technical Levels: Supports and Resistances

EURUSD currently trading at 94.74 at the time of writing. Pair opened at 94.98 and is trading with a change of -0.25 % .

The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 93.93, 50 SMA 94.6, 100 SMA @ 94.26 and 200 SMA @ 91.82.

The previous day high was 95.02 while the previous day low was 94.26. The daily 38.2% Fib levels comes at 94.73, expected to provide support. Similarly, the daily 61.8% fib level is at 94.55, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 94.49, 94.0, 93.74
• Pivot resistance is noted at 95.25, 95.51, 96.0

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