- Improved risk appetite due to increased odds of US-China trade deal continues to bode well for the Aussie dollar.
- At press time, the AUD/JPY is probing the upper edge of the falling channel on the hourly chart. A breakout, if confirmed, would signal a continuation of the recovery rally from the Dec. 9 low of 80.72 and could yield a rally to 82.11 (200-hour moving average).
- The 50-hour MA is holding above the 100-hour MA, meaning the path of least resistance is to the higher side.
- The bullish case would weaken if the pair finds acceptance below the support at 81.62.
Hourly Chart
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Trend: Bullish
AUD/JPY
Overview:
Today Last Price: 81.82
Today Daily change: 12 pips
Today Daily change %: 0.147%
Today Daily Open: 81.7
Trends:
Previous Daily SMA20: 82.2
Previous Daily SMA50: 81.23
Previous Daily SMA100: 81.21
Previous Daily SMA200: 81.87
Levels:
Previous Daily High: 82.07
Previous Daily Low: 81.52
Previous Weekly High: 84.05
Previous Weekly Low: 80.93
Previous Monthly High: 83.22
Previous Monthly Low: 79.84
Previous Daily Fibonacci 38.2%: 81.86
Previous Daily Fibonacci 61.8%: 81.73
Previous Daily Pivot Point S1: 81.45
Previous Daily Pivot Point S2: 81.21
Previous Daily Pivot Point S3: 80.9
Previous Daily Pivot Point R1: 82.01
Previous Daily Pivot Point R2: 82.32
Previous Daily Pivot Point R3: 82.56
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