- AUD/JPY pair is experiencing a downward trend, struggling to regain momentum, staying below the crucial 97.50 level.
- Technical analysis indicates an overall upward bias for the pair, but recent movements have seen it drop below the Tenkan-Sen at 97.31, signaling the potential for further declines.
- On the flip side, a recovery above the recent high of 97.72 could pave the way for testing the 98.00 resistance level.
The AUD/JPY post of four straight days of losses stays below the 97.50 area on Monday, breaking below a key support level at the time of writing. The AUD/JPY is trading at 97.24, down y 0.01%, as Tuesday’s Asian session begins.
From a daily chart perspective, the pair is upward biased, but it fell below the Tenkan-Sen at 97.31, which could exacerbate a test of the 97.00 figure. The pair would witness further downside action below the latter, like the Senkou Span A at 96.86, before slumping toward the Kijun-Sen at 96.41. Once cleared, up next would be. the 96.00 mark.
On the other hand, if AUD/JPY climbs past the November 20 high at 97.72, that could exacerbate a test of the 98.00 figure. Once cleared, up next would be the year-to-date (YTD) high at 98.60, ahead of the 99.00 figure.
AUD/JPY Price Analysis – Daily Chart
AUD/JPY Technical Levels
|Today last price||97.3|
|Today Daily Change||-0.20|
|Today Daily Change %||-0.21|
|Today daily open||97.5|
|Previous Daily High||97.59|
|Previous Daily Low||96.93|
|Previous Weekly High||98.66|
|Previous Weekly Low||96.22|
|Previous Monthly High||96.42|
|Previous Monthly Low||93.05|
|Daily Fibonacci 38.2%||97.34|
|Daily Fibonacci 61.8%||97.18|
|Daily Pivot Point S1||97.09|
|Daily Pivot Point S2||96.68|
|Daily Pivot Point S3||96.43|
|Daily Pivot Point R1||97.75|
|Daily Pivot Point R2||98|
|Daily Pivot Point R3||98.41|
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