• 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.

AUD/JPY

Overview
Today last price 83.13
Today Daily Change -0.36
Today Daily Change % -0.43
Today daily open 83.49
 
Trends
Daily SMA20 82.79
Daily SMA50 82.4
Daily SMA100 82.29
Daily SMA200 82.65
 
Levels
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

 

 

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 extends slide to 1.1300 as dollar gathers strength

EUR/USD continues to stretch lower and tests 1.1300 handle ahead of the American session. The greenback outperforms its major rivals as safe-haven flows dominate the financial markets. Investors await Markit's preliminary US Manufacturing and Services PMI data. 

EUR/USD News

GBP/USD tests 1.3500 on risk aversion, weak UK data

GBP/USD continues to edge lower and trades at its weakest level in more than two weeks near 1.3500. The data from the UK revealed that the private sector's business activity expanded at a softer pace in early January than it did in December.

GBP/USD News

Gold holds near $1840 ahead of key Fed meeting as geopolitical worries rise

Gold is holding near $1840 despite the stronger USD on a heightened safe-haven bid amid geopolitical concerns. What is expected to be a very hawkish Fed meeting will test gold’s resilience this week.

Gold News

Crypto carnage continues to unfold

Bitcoin price has witnessed a massive crash over the past week, undoing the gains seen since July 25. Ethereum, Ripple and other altcoins have followed suit, experiencing an even worse crash. 

Read more

Nvidia extends losses after Bitcoin’s overnight flash crash

NVDA investors are getting used to seeing the colour red after a year in 2021 when all they saw was green. On Friday, shares of NVDA fell by 3.21%.

Read more

Forex MAJORS

Cryptocurrencies

Signatures