- The Aud/JPY is consolidated for the third day but rises 0.21% as high beta’s currencies win by peace news.
- Trump confirms a high total fire between Israel and Iran through a publication on social networks.
- The Par points to the maximum of June at 94.83; A rupture above 95.00 could expose the YTD YTD 97.32 and 99.15.
The AUD/JPY is consolidated within the range of 93.80-94.70 for the third consecutive negotiation, however, 0.21%is slightly above, quoting 94.35 at the beginning of the Asian session on Tuesday.
The last minute news revealed that the US president, Donald Trump, published in his social network that Israel and Iran had fully agreed to a high total fire, which would end the 12 -day war, as he called it. Consequently, Alto Beta currencies such as the Australian dollar, the New Zealander dollar and the Canadian dollar are ready to appreciate themselves in front of their safe shelter peers.
Aud/JPY price forecast: technical perspective
The AUD/JPY is prepared to continue quoting laterally, although buyers seem to be gaining impulse. The relative force index (RSI) is bullish, but shy to break the last peak, which would further increase the possibilities of the bulls of seeing higher prices.
If the AUD/JPY rises above the monthly maximum of June 94.83, a 95.00 test is expected. A break will expose the maximum of May 13, 95.64, which, if it is exceeded decisively, will open the door to greater bullish potential. The next immediate interest zone will be the maximum of February 12, 97.32, before challenging the maximum YTD in 99.15.
On the contrary, if the AUD/JPY fails to overcome 95.00, a setback is expected that could drag the exchange rate to the Kijun-sen in 93.77, followed by Tenkan-sen in 93.56, before Senkou Span A in 93.40.
Aud/JPy – Diario price chart
Australian dollar price this week
The lower table shows the rate of change of the Australian dollar (AUD) compared to the main currencies this week. Australian dollar was the strongest currency against the US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.13% | -0.10% | -0.12% | -0.01% | -0.23% | -0.19% | 0.13% | |
| EUR | 0.13% | -0.01% | -0.03% | 0.11% | -0.10% | -0.50% | 0.27% | |
| GBP | 0.10% | 0.01% | -0.04% | 0.13% | -0.09% | -0.48% | 0.13% | |
| JPY | 0.12% | 0.03% | 0.04% | 0.13% | -0.14% | -0.09% | 0.15% | |
| CAD | 0.00% | -0.11% | -0.13% | -0.13% | -0.23% | -0.61% | 0.00% | |
| Aud | 0.23% | 0.10% | 0.09% | 0.14% | 0.23% | -0.39% | 0.22% | |
| NZD | 0.19% | 0.50% | 0.48% | 0.09% | 0.61% | 0.39% | 0.62% | |
| CHF | -0.13% | -0.27% | -0.13% | -0.15% | -0.00% | -0.22% | -0.62% |
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.
