AUD/JPY Price Analysis: 50-DMA probes bulls around three-week top

  • AUD/JPY snaps two-day uptrend, refreshes intraday low of late.
  • Sustained break of three-month-old resistance, now support, joins bullish MACD to favor buyers.
  • Bears need to break eight-day-old support line to retake controls.

AUD/JPY takes offers around 80.95, down 0.06% intraday, marking the first daily loss in three during early Thursday.

The Aussie cross rose to the highest since early August the previous day while extending the upside break of a descending trend line from June amid bullish MACD signals.

However, failures to the 50-DMA hurdle, around 81.25, trigger the latest pullback moves.

It’s worth noting that the AUD/JPY sellers remain cautious until the prices stay above an ascending support line from August 20 and a bit broader resistance-turned-support line, respectively near 80.60 and 80.30. Also challenging the pair bears is the 80.00 threshold.

Hence, the pair buyers have an upper hand and can cross the immediate hurdle, namely 50-DMA level of 81.25 to aim for a cross of the last month’s top surrounding 81.60.

Following that, June’s low near 82.15 will lure the AUD/JPY bulls.

Overall, AUD/JPY remains in the recovery mode and the latest pullback can be termed as consolidation.

AUD/JPY: Daily chart

Trend: Further upside expected

Additional important levels 

Today last price 80.94
Today Daily Change -0.08
Today Daily Change % -0.10%
Today daily open 81.02
Daily SMA20 80.2
Daily SMA50 81.28
Daily SMA100 82.85
Daily SMA200 81.98
Previous Daily High 81.23
Previous Daily Low 80.43
Previous Weekly High 80.35
Previous Weekly Low 78.16
Previous Monthly High 81.58
Previous Monthly Low 77.9
Daily Fibonacci 38.2% 80.92
Daily Fibonacci 61.8% 80.73
Daily Pivot Point S1 80.55
Daily Pivot Point S2 80.09
Daily Pivot Point S3 79.75
Daily Pivot Point R1 81.36
Daily Pivot Point R2 81.69
Daily Pivot Point R3 82.16



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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD pares weekly losses near 1.1150, German GDP, US inflation eyed

EUR/USD is trading around 1.1150, attempting a bounce from 119-months lows of 1.1132. The US dollar eases from multi-month highs amid a return of risk appetite and firmer Treasury yields. US advance Q4 GDP beat estimates with 6.9% YoY. German Prelim GDP and US PCE inflation awaited.


GBP/USD bounces off 11-week-old support but not out of the woods

GBP/USD fades the corrective pullback from a horizontal area established since early November, retreating to 1.3380 amid Friday’s Asian session. The cable pair dropped during the last two trading sessions before the bears took a breather around the five-week low of 1.3357.


Gold rebounds ahead of US PCE inflation, not out of the woods yet Premium

Gold price attempts a bounce as the US dollar retreats ahead of US PCE inflation. After Wednesday’s $40 sell-off, gold price tumbled another $23 on Thursday, as bulls finally surrendered the $1,800 area to hit the lowest level in two weeks at $1,792. 

Gold News

Why Bitcoin has entered a new bear market

Bitcoin price has tumbled to a multi-month low below $33,000, as the leading cryptocurrency loses 50% of its value from its all-time high in November 2021. This marks the second-worst sell-off since the bear market that spanned from 2018 to 2020. 

Read more

US PCE Inflation Preview: Dollar rally has more legs to run Premium

Annual Core PCE inflation is forecast to rise to 4.8% in December from 4.7%. US Dollar Index surged to its highest level in more than a year on Fed's hawkish outlook.  Dollar is likely to continue to outperform its rivals in the near term.

Read more