#AUDJPY @ 92.8090 Tuesday’s price action of the formed a classic doji, meaning traders are undecided about the current trend. (Pivot Orderbook analysis)
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- Tuesday’s price action of the AUD/JPY formed a classic doji, meaning traders are undecided about the current trend.
- AUD/JPY: Break above 93.00 would exacerbate a rally: otherwise, a fall toward the 200-DMA is on the cards.
The pair currently trades last at 92.8090.
The previous day high was 92.98 while the previous day low was 92.4. The daily 38.2% Fib levels comes at 92.75, expected to provide support. Similarly, the daily 61.8% fib level is at 92.62, expected to provide support.
The Australian Dollar (AUD) reached a fresh 2-week high around 93.35 on Tuesday, though it retraced some of those gains and registered a daily close slightly above the 20-day Exponential Moving Average (EMA), sitting around 92.86. However, as the Asian Pacific session begins, the AUD/JPY is trading at 92.90, printing minuscule losses of 0.03%.
From the daily chart, the AUD/JPY remains neutral though slightly tilted to the downside. Most Exponential Moving Averages (EMAs) concentrated around the 92.87-93.42 area, above the exchange rate, suggesting the AUD/JPY might fall in the near term. Additionally, Tuesday’s full price action forming a classic “doji,” portrays the indecision of buyers and sellers. Investors should be aware that the Relative Strength Index (RSI) is in bearish territory, almost flat, while the Rate of Change (RoC) shows buying pressure begins to build up.
Therefore, upwards, the AUD/JPY first resistance would be the psychological 93.00. Break above will expose the confluence of the 50-day EMA and the December 13 daily high at around 93.35, followed by the 94.00 figure, ahead of the October 21 swing high of 95.73.
On the flip side, the AUD/JPY first support would be the 93.00 mark. A breach of the latter will exacerbate a fall toward the 200-day Exponential Moving Average (EMA) at 92.01, followed by the October 13 swing low of 90.83, followed by the August 2 daily low of 90.52.
Technical Levels: Supports and Resistances
AUDJPY currently trading at 92.87 at the time of writing. Pair opened at 92.97 and is trading with a change of -0.11 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 92.87 |
| 1 | Today Daily Change | -0.10 |
| 2 | Today Daily Change % | -0.11 |
| 3 | Today daily open | 92.97 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 93.03, 50 SMA 93.46, 100 SMA @ 94.12 and 200 SMA @ 93.1.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 93.03 |
| 1 | Daily SMA50 | 93.46 |
| 2 | Daily SMA100 | 94.12 |
| 3 | Daily SMA200 | 93.10 |
The previous day high was 92.98 while the previous day low was 92.4. The daily 38.2% Fib levels comes at 92.75, expected to provide support. Similarly, the daily 61.8% fib level is at 92.62, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 92.59, 92.2, 92.0
- Pivot resistance is noted at 93.17, 93.36, 93.75
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 92.98 |
| Previous Daily Low | 92.40 |
| Previous Weekly High | 92.90 |
| Previous Weekly Low | 91.14 |
| Previous Monthly High | 95.56 |
| Previous Monthly Low | 92.15 |
| Daily Fibonacci 38.2% | 92.75 |
| Daily Fibonacci 61.8% | 92.62 |
| Daily Pivot Point S1 | 92.59 |
| Daily Pivot Point S2 | 92.20 |
| Daily Pivot Point S3 | 92.00 |
| Daily Pivot Point R1 | 93.17 |
| Daily Pivot Point R2 | 93.36 |
| Daily Pivot Point R3 | 93.75 |
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