AUD/JPY Price Forecast: Remains subdued, trapped within 92.50-93.00
- AUD/JPY remains capped at 92.89; a break above Tenkan-sen may target 93.86 and 94.00.
- RSI is flat, showing a lack of momentum as the session remains subdued.
- Key support at 92.00 and Kumo top near 91.50/75; a break below could test 90.83
AUD/JPY is poised to close on Monday with gains of over 0.09% amid a subdued trading session, despite an improvement in risk appetite during the day. At the time of writing, the cross-pair trades at 92.74 after bouncing off a daily low of 92.37.
AUD/JPY Price Forecast: Technical outlook
The AUD/JPY pair trades sideways, capped on the upside by last Friday’s high of 92.89 amid a lack of catalysts. The Relative Strength Index (RSI) turned flat at its 50-neutral line, an indication that neither buyers nor sellers are in charge.
If AUD/JPY climbs past the Tenkan-sen at 92.75, this clears the path to challenge the Kijun-sen at 93.10. If surpassed, the cross-pair could reach the May 28 swing high of 93.86. Once cleared, the 94.00 figure is up for grabs.
Conversely, for a bearish continuation, sellers need to drive the AUD/JPY below the May 30 daily low of 92.00 ahead of testing the top of the Ichimoku Cloud (Kumo) at around 91.50/75. Once surpassed, the next demand zone will be the Senkou Span B at 90.83.
AUD/JPY Price Chart – Daily
Australian Dollar PRICE This week
The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies this week. Australian Dollar was the strongest against the Canadian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.03% | -0.01% | 0.00% | 0.04% | 0.04% | -0.00% | -0.09% | |
| EUR | -0.03% | -0.00% | 0.00% | -0.03% | 0.04% | 0.04% | -0.11% | |
| GBP | 0.00% | 0.00% | 0.00% | -0.01% | 0.08% | 0.09% | -0.10% | |
| JPY | 0.00% | 0.00% | 0.00% | -0.01% | 0.02% | 0.01% | -0.01% | |
| CAD | -0.04% | 0.03% | 0.01% | 0.00% | -0.73% | 0.06% | -0.06% | |
| AUD | -0.04% | -0.04% | -0.08% | -0.02% | 0.73% | -0.00% | -0.15% | |
| NZD | 0.00% | -0.04% | -0.09% | -0.01% | -0.06% | 0.00% | -0.14% | |
| CHF | 0.09% | 0.11% | 0.10% | 0.01% | 0.06% | 0.15% | 0.14% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).
Author
Christian Borjon Valencia
FXStreet
Christian Borjon began his career as a retail trader in 2010, mainly focused on technical analysis and strategies around it. He started as a swing trader, as he used to work in another industry unrelated to the financial markets.
