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AUD/JPY Price Analysis: Remains subdued around 94.50/95.00, amid lack of catalyst

  • AUD/JPY trades at 94.98, down 0.02%, after failing to sustain gains above 95.00.
  • Daily chart shows potential for downside, with first support at October 30 low of 94.65.
  • Resistance levels to watch include 95.00, current week's high at 95.52, and October 25 high at 95.89.

The AUD/JPY continues to consolidate at around 94.50/95.00 in early trading on Tuesday's Asian session after failing to stay above the 95.00 figure on Monday. The cross-pair printed decent gains of 0.32% yesterday, but as the Asian session starts, the pair exchanges hands at 94.98, down 0.02%.

The daily chart portrays the pair remaining sideways, about to drop inside the Ichimoku Cloud (Kumo), which could open the door for further downside. The AUD/JPY first support would be the October 30 low of 94.65, followed by the 94.00 figure. Once that level is cleared, the next stop would be the base of the Kumo at 93.96, followed by the October 3 low of 93.01.

On the flip side, the AUD/JPY first resistance would be the 95.00 figure, followed by the current week’s high at 95.52. A decisive break would expose the October 25 95.89 mark, ahead of 96.00.

AUD/JPY Price Analysis: Technical outlook

AUD/JPY Technical Levels

AUD/JPY

Overview
Today last price95.01
Today Daily Change0.21
Today Daily Change %0.22
Today daily open94.8
 
Trends
Daily SMA2094.91
Daily SMA5094.77
Daily SMA10094.88
Daily SMA20092.76
 
Levels
Previous Daily High95.37
Previous Daily Low94.68
Previous Weekly High95.9
Previous Weekly Low94.25
Previous Monthly High96.92
Previous Monthly Low93.59
Daily Fibonacci 38.2%94.94
Daily Fibonacci 61.8%95.1
Daily Pivot Point S194.53
Daily Pivot Point S294.26
Daily Pivot Point S393.84
Daily Pivot Point R195.22
Daily Pivot Point R295.64
Daily Pivot Point R395.92

Author

Christian Borjon Valencia

Markets analyst, news editor, and trading instructor with over 14 years of experience across FX, commodities, US equity indices, and global macro markets.

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