AUD/JPY Price Analysis: A rising wedge in the daily chart, targets a fall towards 86.20s By christianborjon AUDJPY Crosses Technical Analysis
, undermined by falling US Treasury yields. At 93.67, the AUD/JPY is almost flat as the Asian Pacific session begins.
AUD/JPY Thursday’s price action illustrates consolidation in the last few days, within the 93.40-94.30 range, which buyers/sellers have been unable to break. AUD/JPY traders should note that the cross exchange rate is below the exponential moving averages in the 1-hour chart, signifying that downside risks remain in the short term.The AUD/JPY daily chart illustrates that the uptrend remains in play.
If the AUD/JPY breaks to the downside, its first support would be the June 30 daily low at 93.33. Once cleared, it would expose the S1 daily pivot at 93.23, followed by the June 26 low at 92.97. Contrarily, if the cross heads north, the AUD/JPY’s first resistance would be the 20-EMA at 93.74. Break above would expose the confluence of the 50, 100, and 200-EMAs, in the 93.85-88 range, followed by the R1 daily pivot at 94.20, followed by the June 22 high at 94.68.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/JPY Price Analysis: Bounces off weekly support on upbeat Australia Retail SalesAUD/JPY Price Analysis: Bounces off weekly support on upbeat Australia Retail Sales By anilpanchal7 AUDJPY Technical Analysis RetailSales Australia TrendFollowing
Read more »
EUR/JPY Price Analysis: Still scope for further upsideEUR/JPY fades Tuesday’s retracement and advances further north of the 143.00 mark midweek. The bullish bias in the cross remains well in place for the
Read more »
Athletics’ Adrian Martinez will get starting assignment in SeattleA’s right-hander Adrian Martinez gets his second shot as a starter Thursday night in Seattle.
Read more »
Oakland A's one step closer to new stadium at Howard Terminal after crucial voteBREAKING The Oakland Athletics are one step closer to a new stadium at Howard Terminal.
Read more »
AUD/JPY reclaims 94.00 despite higher-than-expected Japan’s Retail TradeThe AUD/JPY pair refreshed its intraday low at 93.92 but has recaptured the critical level of 94.00 despite Japan’s Ministry of Economy, Trade, and In
Read more »
USD/JPY Price Analysis: Bulls and bears battle it out at key hourly territoryUSD/JPY is under pressure in the latter part of the North American session and there are a couple of scenarios identified according to the market stru
Read more »