AUD/JPY is probing the 200-day MA hurdle in Asia

  • AUD/JPY is struggling to move past the 200-day moving average (MA) of 80.41 in Asia.
  • The JPY cross printed 3.5-month highs on Friday on upbeat China data.
  • A bullish close above 100-day MA looks likely at sustained risk-on in equities.

AUD/JPY is currently trading at 80.33, having printed a high at the 200-day MA resistance of 80.41.

The Aussie dollar, a proxy for China, picked up a strong bid around 79.50 on Friday after China reported a  14.2 percent rise in dollar-denominated exports in March, topping expectations of a 7.3 percent rise from a year ago.

The dollar-denominated imports, however, dropped 7.6 percent in March, signaling anemic domestic demand. That, however, failed to dent the optimism generated by the above-forecast export figure.

The global stocks rallied with the Dow Jones Industrial Average (DJIA) gaining 1 percent. The resulting broad-based weakness in the anti-risk JPY lifted the AUD/JPY cross to 80.49, the highest since Jan. 1. The break above the 200-day MA, however, was short-lived with the pair ending the week at 80.32.

The crucial MA hurdle could be scaled today if the stocks continue to cheer the upbeat Chinese exports data. That, however, looks unlikely as most analysts have downplayed the better-than-expected China outbound shipments as a sign of a turnaround in the global demand conditions. Further, the S&P 500 futures are currently reporting a 0.10 percent drop.

Technical Levels


Today last price 80.33
Today Daily Change 0.09
Today Daily Change % 0.11
Today daily open 80.27
Daily SMA20 79
Daily SMA50 78.9
Daily SMA100 79.16
Daily SMA200 80.23
Previous Daily High 80.49
Previous Daily Low 79.46
Previous Weekly High 80.49
Previous Weekly Low 78.95
Previous Monthly High 79.66
Previous Monthly Low 77.54
Daily Fibonacci 38.2% 80.1
Daily Fibonacci 61.8% 79.85
Daily Pivot Point S1 79.65
Daily Pivot Point S2 79.04
Daily Pivot Point S3 78.62
Daily Pivot Point R1 80.69
Daily Pivot Point R2 81.11
Daily Pivot Point R3 81.72




Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD trims Williams-related gains, nears 1.1200 figure

The shared currency retreated sharply vs. its American rival after testing the 1.1280 price zone, as Fed’s representative rushed to counter Williams’ dovish words. EUR/USD at daily lows ahead of Michigan Consumer Confidence Index.


GBP/USD trading marginally lower daily basis but above 1.2500

The Pound gave back some of its Thursday’s gain on dollar’s relief. The GBP/USD pair broke a daily descendant trend line coming from June’s high and holds above it, leaving little room for sellers to act.


USD/JPY: bears pausing, still in control

Japanese National Inflation steady at 0.7%YoY in June. US Michigan Consumer Sentiment Index expected at 98.5 in July. USD/JPY corrective advance falling short of signaling an interim bottom in place.


Gold consolidates around $ 1440, eyes US data for fresh direction

Gold (futures on Comex) extends its side-trend around the 1440 mark into the mid-European session, having stalled its retreat from 2019 highs of 1454 near 1437 region.

Gold News

Michigan Consumer Sentiment survey preview: The pool of happiness spreads

The University of Michigan will issue its preliminary Survey of Consumers for July on Friday July 18th at 12:30 pm GMT. Consumer sentiment expected to gain modestly in July. Optimism should be supported by strong June jobs report.

Read more