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AUD/JPY Price Analysis: Aussie surging to its highest since late February vs. Japanese yen

  • AUD/JPY is trading in 12-week highs as the bullish sentiment in Wall Street is gaining steam.
  • The level to beat for bulls is the 71.75 resistance.
 

AUD/JPY four-hour chart

 
AUD/JPY is trading off 3-month highs in the first half of the trading week. The market broke sharply above the 71.00 figure. As the upward momentum stays intact the market will be looking for a continuation above the 71.75 resistance and 72.50/88. On the other hand, support is seen near the 71.10 and 70.15 levels initially. 
 

Additional key levels

AUD/JPY

Overview
Today last price 71.58
Today Daily Change 1.08
Today Daily Change % 1.53
Today daily open 70.5
 
Trends
Daily SMA20 69.53
Daily SMA50 67.92
Daily SMA100 70.38
Daily SMA200 72.15
 
Levels
Previous Daily High 70.58
Previous Daily Low 70.2
Previous Weekly High 71.08
Previous Weekly Low 68.65
Previous Monthly High 70.17
Previous Monthly Low 64.4
Daily Fibonacci 38.2% 70.44
Daily Fibonacci 61.8% 70.35
Daily Pivot Point S1 70.28
Daily Pivot Point S2 70.05
Daily Pivot Point S3 69.9
Daily Pivot Point R1 70.66
Daily Pivot Point R2 70.81
Daily Pivot Point R3 71.04

 

 

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