AUD/JPY Reaction to 50-Day SMA in Focus
AUD/JPY trades within a descending channel after registering a fresh yearly high (97.67) in June, but the exchange rate may track the positive slope in the 50-Day SMA (93.90) amid the failed attempts to close below the moving average.
AUD/JPY Rate Outlook
AUD/JPY seems to be reacting to the moving average as it bounces back ahead of the monthly low (93.27), with a break/close above the 95.30 (50% Fibonacci extension) to 96.10 (78.6% Fibonacci retracement) region negating the descending channel.
A break above channel resistance may push AUD/JPY towards the monthly high (96.83), with the next area of interest coming in around 97.40 (61.8% Fibonacci extension) to 97.90 (23.6% Fibonacci extension).
Nevertheless, failure to break/close above the 95.30 (50% Fibonacci extension) to 96.10 (78.6% Fibonacci retracement) region may keep AUD/JPY within the bearish formation, with a move below the 93.90 (61.8% Fibonacci retracement) to 94.40 (23.6% Fibonacci retracement) area bringing the monthly low (93.27) on the radar.
AUD/JPY Rate Outlook
AUD/JPY seems to be reacting to the moving average as it bounces back ahead of the monthly low (93.27), with a break/close above the 95.30 (50% Fibonacci extension) to 96.10 (78.6% Fibonacci retracement) region negating the descending channel.
A break above channel resistance may push AUD/JPY towards the monthly high (96.83), with the next area of interest coming in around 97.40 (61.8% Fibonacci extension) to 97.90 (23.6% Fibonacci extension).
Nevertheless, failure to break/close above the 95.30 (50% Fibonacci extension) to 96.10 (78.6% Fibonacci retracement) region may keep AUD/JPY within the bearish formation, with a move below the 93.90 (61.8% Fibonacci retracement) to 94.40 (23.6% Fibonacci retracement) area bringing the monthly low (93.27) on the radar.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.