AUD/JPY technical analysis: Immediate resistance-line can question latest rise at 76.40

  • RSI inching up from oversold region but near-term trend-line could confine the rise.
  • Multiple resistances stand tall to question buyers.

AUD/JPY is on the bids near 76.00 during the initial Asian session on Monday. The pair recently surged after Japanese Yen (JPY) reacted more to the previous downward revision than to upbeat present readings of Japan’s Q1 2019 GDP. Adding to the sentiment is the overall strength of the Australian Dollar (AUD) on election results from Australia.

Even if recovery of 14-day relative strength index (RSI) signal further upside by the pair, a downward sloping trend-line since mid-April could question immediate rise around 76.40.

Should prices rally beyond 76.40, the 76.45/55 area comprising multiple lows/highs marked since early January could challenge buyers ahead of highlighting 50-day and 100-day simple moving average (SMA) confluence near 78.45/50.

Alternatively, 50% Fibonacci retracement of January to April upside, at 75.70 acts as nearby support, a break of which can shift bears’ attention to a recent low of 75.33 and then to January 04 bottom surrounding 75.23.

In a case of extended downturn past-75.23, 61.8% Fibonacci retracement level of 74.54 could become sellers’ favorite.

AUD/JPY daily chart

Trend: Pullback expected

Additional important levels

Today last price 76.06
Today Daily Change 0.46 pips
Today Daily Change % 0.61%
Today daily open 75.6
Daily SMA20 77.55
Daily SMA50 78.53
Daily SMA100 78.47
Daily SMA200 79.67
Previous Daily High 75.85
Previous Daily Low 75.33
Previous Weekly High 76.91
Previous Weekly Low 75.33
Previous Monthly High 80.75
Previous Monthly Low 78.11
Daily Fibonacci 38.2% 75.53
Daily Fibonacci 61.8% 75.65
Daily Pivot Point S1 75.34
Daily Pivot Point S2 75.07
Daily Pivot Point S3 74.82
Daily Pivot Point R1 75.86
Daily Pivot Point R2 76.11
Daily Pivot Point R3 76.38



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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD bouncing modestly on disappointing US Consumer Confidence

The shared currency remains pressured by the idea that the ECB will come out with massive stimulus measures in September. US Michigan Consumer Confidence down to 92.1 brakes dollar's gains.


GBP/USD retreats sharply after approaching 1.2200

The GBP/USD pair came under selling pressure after flirting with weekly highs, as a dismal US confidence report brought back risk-off. GBP/USD still up for the week and above the critical 1.2100 level.


USD/JPY: Greenback makes modest progress against Yen, near 106.30

The demand for Yen as a safe-haven currency has been weak in the last three days. The levels to beat for bulls are at the 106.30 and 106.55 resistances.


Gold gives back territory towards a 23.6% retracement

Gold prices were a touch lower by the end of the week, falling -0.68% having travelled between a high of $1,528.00 to a low of $1,503.87, ending the NY session around $1,513. 

Gold News

Four Signs of A Bear Market

I am a believer that the Universe gives you signs. That may sound a bit crazy, but these three charts are three more signs of a bear market. The top chart is the GLD exchange traded fund.

Read more