Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: AUD/JPY Daily Outlook

Chart - Courtesy Trading View 

Technical Analysis:

- AUD/JPY edges higher from session lows at 89.85

- Price action hovers above 21-EMA support, close above has raised scope for upside

- MACD shows bullish crossover on signal line

- Momentum is turning bullish, volatility is high

- GMMA indicator shows major and minor trend are bullish

Support levels - 90.41 (21-EMA), 89.56 (200H MA)

Resistance levels - 91.81 (55-EMA), 92.44 (110-EMA)

Summary: AUD/JPY close above 21-EMA has raised scope for further upside. Next bull target lies at 55-EMA at 91.81. Failure to hold above 21-EMA negates any upside bias. 
 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.