The pair AUDJPY at 95.7510 has rebounded and is trading higher than the low of 95.25 seen last week.
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- AUD/JPY recovers, trading above last week’s low of 95.25.
The pair currently trades last at 95.7510.
The previous day high was 96.85 while the previous day low was 95.26. The daily 38.2% Fib levels comes at 95.86, expected to provide resistance. Similarly, the daily 61.8% fib level is at 96.24, expected to provide resistance.
The AUD/JPY begins the Tuesday Asian session positively after printing a 0.17% loss on Monday due to risk-aversion and Japanese authorities’ language intervention in the Forex markets. The AUD/JPY is trading at 95.78, slightly above last week’s low of 95.25.
From a technical perspective, the AUD/JPY is upward biased, but since peaking at the year-to-date (YTD) high at 97.67, it has lost 2%. However, Monday’s price action contracted and formed a two-candlestick pattern named a bullish harami. The AUD/JPY could be set to resume its uptrend, but it would lean on market sentiment and dovish comments by the Bank of Japan (BoJ) officials.
The AUD/JPY first resistance would be the 96.00 figure, followed by the Tenkan Sen line at 96.38. A breach of the latter will expose the 97.00 figure, ahead of challenging the YTD high at 97.67. Conversely, if AUD/JPY dives below the Senkou Span A support at 95.17, it will expose the 95.00 figure. A drop below that level will expose the November 16 high at 94.65 before dropping toward the Kijun-Sen line at 93.96.
Technical Levels: Supports and Resistances
AUDJPY currently trading at 95.78 at the time of writing. Pair opened at 95.96 and is trading with a change of -0.19 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 95.78 |
| 1 | Today Daily Change | -0.18 |
| 2 | Today Daily Change % | -0.19 |
| 3 | Today daily open | 95.96 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 94.2, 50 SMA 92.06, 100 SMA @ 91.06 and 200 SMA @ 91.74.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 94.20 |
| 1 | Daily SMA50 | 92.06 |
| 2 | Daily SMA100 | 91.06 |
| 3 | Daily SMA200 | 91.74 |
The previous day high was 96.85 while the previous day low was 95.26. The daily 38.2% Fib levels comes at 95.86, expected to provide resistance. Similarly, the daily 61.8% fib level is at 96.24, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 95.19, 94.43, 93.6
- Pivot resistance is noted at 96.78, 97.61, 98.37
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 96.85 |
| Previous Daily Low | 95.26 |
| Previous Weekly High | 97.68 |
| Previous Weekly Low | 95.26 |
| Previous Monthly High | 92.44 |
| Previous Monthly Low | 89.16 |
| Daily Fibonacci 38.2% | 95.86 |
| Daily Fibonacci 61.8% | 96.24 |
| Daily Pivot Point S1 | 95.19 |
| Daily Pivot Point S2 | 94.43 |
| Daily Pivot Point S3 | 93.60 |
| Daily Pivot Point R1 | 96.78 |
| Daily Pivot Point R2 | 97.61 |
| Daily Pivot Point R3 | 98.37 |
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