AUD/JPY Struggles to Trade Back Above 50-Day SMA
AUD/JPY struggles to trade back above the 50-Day SMA (96.78) as it fails to test the monthly high (96.93).
AUD/JPY Rate Outlook
Keep in mind, AUD/JPY cleared the January low (95.84) to register a fresh yearly low (95.50) on February 1, and the advance from the December low (93.74) may unravel as the moving average seems to be developing a negative slope.
A close below the 96.10 (78.6% Fibonacci retracement) to 96.20 (38.2% Fibonacci extension) region may push AUD/JPY towards the 93.90 (61.8% Fibonacci retracement) to 94.50 (23.6% Fibonacci extension) area, with a breach below the December low (93.74) opening up the October low (93.06).
However, failure to close below the 96.10 (78.6% Fibonacci retracement) to 96.20 (38.2% Fibonacci extension) region may generate range bound conditions in AUD/JPY, with a move above the monthly high (96.93) bringing 97.60 (50% Fibonacci extension) back on the radar.
AUD/JPY Rate Outlook
Keep in mind, AUD/JPY cleared the January low (95.84) to register a fresh yearly low (95.50) on February 1, and the advance from the December low (93.74) may unravel as the moving average seems to be developing a negative slope.
A close below the 96.10 (78.6% Fibonacci retracement) to 96.20 (38.2% Fibonacci extension) region may push AUD/JPY towards the 93.90 (61.8% Fibonacci retracement) to 94.50 (23.6% Fibonacci extension) area, with a breach below the December low (93.74) opening up the October low (93.06).
However, failure to close below the 96.10 (78.6% Fibonacci retracement) to 96.20 (38.2% Fibonacci extension) region may generate range bound conditions in AUD/JPY, with a move above the monthly high (96.93) bringing 97.60 (50% Fibonacci extension) back on the radar.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.