Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: AUD/JPY Daily Outlook

Chart - Courtesy Trading View 

Technical Analysis:

- AUD/JPY was trading largely unchanged at 91.64 at around 10:00 GMT

- The pair is extending downside for the fourth straight session, outlook bearish

- MACD confirms bearish crossover on signal line, Chikou span is biased lower

- Stochs and RSI are biased lower, momentum is with the bears

- Price action is below 200H MA, GMMA shows major and minor trend are bearish on the intraday charts

Support levels:

S1: 91.58 (55-EMA)

S2: 90.90 (cloud top)

Resistance levels:

R1: 92.05 (5-DMA)

R2: 92.27 (200H MA)

Summary: AUD/JPY trades with a bearish bias. The pair has been rejected at 200-DMA and has been extending downside for the 4th straight session. Bears target daily cloud at 90.90, break below will see more weakness. 
 

  • Market Data
Close

Welcome to EconoTimes

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