AUD/JPY technical analysis: 100-HMA caps immediate upside


  • 100-HMA and RSI levels challenge post-50-HMA breakout momentum.
  • 75.00 can return on the upside break.

Even after clearing 50-HMA, AUD/JPY is still left to cross the 100-HMA upside barrier as it takes the rounds to 74.56 during early Tuesday.

With 14-bar relative strength index (RSI) also indicating nearly overbought conditions, pair’s failure to break the 100-hour moving average (100-HMA) can trigger its pullback to 74.44 comprising 50-HMA.

Given the quote’s extended declines beneath 74.44, 74.35 and 74.18 may offer intermediate halts before highlight latest low of 73.92 and the year 2016 low near 72.40.

Alternatively, an upside clearance of 74.64 resistance including 100-HMA may recall 75.00 back to the chart.

However, 61.8% Fibonacci retracement level of 75.23 and June 11 high surrounding 75.68 can question buyers afterward.

AUD/JPY hourly chart

Trend: Pullback expected

Additional important levels

Overview
Today last price 74.58
Today Daily Change 21 pips
Today Daily Change % 0.28%
Today daily open 74.37
 
Trends
Daily SMA20 75.48
Daily SMA50 77.13
Daily SMA100 77.98
Daily SMA200 79.14
Levels
Previous Daily High 74.79
Previous Daily Low 74.35
Previous Weekly High 76.05
Previous Weekly Low 74.48
Previous Monthly High 78.72
Previous Monthly Low 75.08
Daily Fibonacci 38.2% 74.52
Daily Fibonacci 61.8% 74.62
Daily Pivot Point S1 74.22
Daily Pivot Point S2 74.06
Daily Pivot Point S3 73.78
Daily Pivot Point R1 74.66
Daily Pivot Point R2 74.94
Daily Pivot Point R3 75.1

 

 

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