AUD/JPY Price Analysis: Aussie falling back into new weekly lows, heading for 96.00

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  • The AUD/JPY is backsliding after seeing a rejection from the 97.00 handle.
  • Aussie bidders are getting washed out of the market, pushing the AUD down across the board.
  • Intraday momentum is firmly pinned into the bearish side.

The AUD/JPY is seeking out further downside as the Aussie markets tilt firmly into the bearish side heading into the Friday market session.

The Aussie's (AUD) near-term bullish stance from last week is cracking into pieces, marking in a technical ceiling against the Yen (JPY) after a failed push into 97.60 sees the AUD/JPY dumping chart paper. Bids have tumbled below the 200-hour Simple Moving Average (SMA) as intraday momentum rotates into bear country.

Bids are seeing near-term friction from the 96.40 region, but a short-side continuation will see the AUD/JPY extending downwards into the 96.00 handle.

The 50-hour SMA is falling back into the longer moving average but still remains on the top side, and a bearish confirmation could see any bullish pullbacks primed for a continuation lower if bidders don't step into markets and recover the AUD heading into the week's market close.

AUD/JPY Hourly Chart

AUD/JPY Daily Chart

AUD/JPY Technical Levels

AUD/JPY

Overview
Today last price 96.34
Today Daily Change -0.35
Today Daily Change % -0.36
Today daily open 96.69
 
Trends
Daily SMA20 95.53
Daily SMA50 95.18
Daily SMA100 94.92
Daily SMA200 92.94
 
Levels
Previous Daily High 97.1
Previous Daily Low 96.63
Previous Weekly High 97.33
Previous Weekly Low 94.74
Previous Monthly High 96.42
Previous Monthly Low 93.05
Daily Fibonacci 38.2% 96.81
Daily Fibonacci 61.8% 96.92
Daily Pivot Point S1 96.51
Daily Pivot Point S2 96.34
Daily Pivot Point S3 96.05
Daily Pivot Point R1 96.98
Daily Pivot Point R2 97.27
Daily Pivot Point R3 97.44

 

 

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