• The AUD/JPY snap a two-day gain, down some 0.01% amid a risk-off market mood.
  • AUD/JPY Technical Outlook: Bullish biased, though downside risks remain.

As the North American session finishes, the Australian dollar grinds lower for the second time of the week, attributed to dented market mood, as investors assess US central bank rate hikes. At press time, the AUD/JPY is trading at 83.10. 

In the meantime, Wall Street stock indices finished the session with losses, between 0.49% and 2.57%, weighing on risk-sensitive currencies like the Australian dollar. Safe-haven peers led by the Japanese yen in the FX complex advanced.

AUD/JPY Price Forecast: Technical outlook

On Thursday, the AUD/JPY pair seesawed between  83.30-50s area, followed by a climb towards the daily high around 83.77, collapsing afterward, near the 83.00 figure. Despite the abovementioned, the pair is neutral-bullish, as the daily moving averages (DMAs) reside below the spot price.

That said, the AUD/JPY first demand zone is the 83.00 figure. A breach of the latter would expose the 200-DMAT at 82.65, followed by the confluence of the 50 and the 100-DMA at 82.35, and then the 82.00 figure.

To the upside, the AUD/JPY first resistance would be the January 10 daily high at 83.36. A clear break above it would expose a four-month-old downslope trendline drawn, from October 2021 highs, near the psychological 84.00 area.


Today last price 83.13
Today Daily Change -0.36
Today Daily Change % -0.43
Today daily open 83.49
Daily SMA20 82.79
Daily SMA50 82.4
Daily SMA100 82.29
Daily SMA200 82.65
Previous Daily High 83.68
Previous Daily Low 83.03
Previous Weekly High 84.3
Previous Weekly Low 82.64
Previous Monthly High 83.76
Previous Monthly Low 78.79
Daily Fibonacci 38.2% 83.43
Daily Fibonacci 61.8% 83.28
Daily Pivot Point S1 83.12
Daily Pivot Point S2 82.75
Daily Pivot Point S3 82.48
Daily Pivot Point R1 83.77
Daily Pivot Point R2 84.05
Daily Pivot Point R3 84.41



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