AUD/JPY Price Analysis: Climbs towards the 95.50 figure, following a bullish-engulfing pattern

Share:
  • AUD/JPY rises and prints a new weekly high of 95.50 but remains within the 93.00/96.40 consolidation range.
  • Immediate resistance for AUD/JPY stands at 95.50, followed by the 96.00 psychological level.
  • Key supports are located at the top of the Kumo at 94.31 and 94.00.

The Australian Dollar (AUD) registers solid gains against the Japanese Yen (JPY) after minutes of the latest Reserve Bank of Australia (RBA) showed the central bank kept the door open for further tightening. The AUD/JPY is trading at 95.33, up 0.54%.

Despite rising towards a weekly high of 95.50, the AUD/JPY pair remains consolidated but unable to break below/above the 93.00/96.40 range, though as price action remains above the Kumo, the bias is mildly bullish. Therefore, the first resistance would be 95.50, Tuesday’s high, followed by the psychological 96.00 mark. A breach of the latter would expose the top of the aforementioned resistance level at 96.40 and the year-to-date (YTD) high of 97.67.

On the flip side, the AUD/JPY first support would be the top of the Kumo at 94.31, followed by the 94.00 figure. Once cleared, the cross would die towards the October 3 daily low of 93.01.

AUD/JPY Price Action – Daily chart

AUD/JPY Technical Levels

AUD/JPY

Overview
Today last price 95.34
Today Daily Change 0.52
Today Daily Change % 0.55
Today daily open 94.82
 
Trends
Daily SMA20 95.16
Daily SMA50 94.58
Daily SMA100 94.65
Daily SMA200 92.53
 
Levels
Previous Daily High 94.91
Previous Daily Low 94.14
Previous Weekly High 95.83
Previous Weekly Low 94.05
Previous Monthly High 96.92
Previous Monthly Low 93.59
Daily Fibonacci 38.2% 94.61
Daily Fibonacci 61.8% 94.43
Daily Pivot Point S1 94.34
Daily Pivot Point S2 93.85
Daily Pivot Point S3 93.57
Daily Pivot Point R1 95.11
Daily Pivot Point R2 95.39
Daily Pivot Point R3 95.88

 

 

Share: Feed news