- The AUD/JPY drops 0.06% after failing to exceed May 14 peak at 95.56.
- The RSI revolves slightly down; Mixed signals keep traders focused on the price structure.
- Key support in 93.40/56; A rupture below could expose 93.00 and 92.63 SENKOU SPAN B.
The AUD/JPY retreces in the middle of a risk appetite, driven by the de -escalation of the conflict in the Middle East. This pushed refuge currencies, except the US dollar, upward during Tuesday’s session, to the detriment of the Australian dollar. At the time of writing, the par is quoted below the figure of 94.00 and lowers 0.06%.
Aud/JPY price forecast: technical analysis
The trend is still downward in the Aud/JPy torque. Although the Australian dollar showed signs of strength, its inability to overcome the peak of May 14, 95.56 pushed the torque below the figure of 94.00, although it moves around the latter.
In the short term, the relative force index (RSI) points slightly down, although it remains bullish. Mixed readings leave us as traders focused on price action.
Therefore, if the AUD/JPY exceeds the confluence of Tenkan-Sen and the Senkou Span to around 93.40/56, look for a Kijun-sen test in 93.23. With greater weakness, 93.00 will be exhibited, followed by Senkou Span B in 92.63.
On the contrary, if the AUD/JPY rises above 94.00, the first resistance would be 95.00, followed by 95.56, the maximum of May 14. Above this level, the following area of ​​interest will be the figure of 96.00.
AUD/JPY – DIARY PRICE GRAPH
Australian dollar Price today
The lower table shows the percentage of change of the Australian dollar (AUD) compared to the main currencies today. Australian dollar was the strongest currency against the Swiss Franco.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.00% | -0.00% | 0.00% | 0.05% | 0.00% | -0.02% | -0.04% | |
| EUR | -0.01% | -0.00% | -0.05% | 0.03% | -0.02% | -0.07% | -0.04% | |
| GBP | 0.00% | 0.00% | -0.02% | 0.02% | 0.00% | -0.07% | -0.01% | |
| JPY | 0.00% | 0.05% | 0.02% | 0.05% | 0.04% | 0.00% | 0.04% | |
| CAD | -0.05% | -0.03% | -0.02% | -0.05% | 0.00% | 0.02% | -0.05% | |
| Aud | 0.00% | 0.02% | -0.01% | -0.04% | -0.01% | -0.11% | 0.02% | |
| NZD | 0.02% | 0.07% | 0.07% | -0.01% | -0.02% | 0.11% | 0.05% | |
| CHF | 0.04% | 0.04% | 0.00% | -0.04% | 0.05% | -0.02% | -0.05% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the Australian dollar of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the Aud (base)/USD (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
