- The AUD/JPY breaks above 92.89, confirming an upward Harami and pointing to a short -term bullish impulse.
- The next resistance is at 93.86; A sustained rebound needs to break above the maximum of May 13, 95.63 to change the broader trend.
- A fall below 92.00 would deny the bullish perspective, pointing to support near Senkou Span B in 90.83.
The Aud/JPY opens the Asian session on Wednesday with a positive mood, registering profits of more than 0.08% at the time of writing. The crossed torque seems to be prepared to extend the ongoing upward phase, testing the maximum daily of May 29, 93.86.
Aud/JPY price forecast: Technical Perspectives
After registering consecutive bearish sessions last week, the Aud/JPY formed a ‘Harami Alcista’, which was confirmed on Tuesday when the Tarque exceeded the maximum of May 30, 92.89.
Although this suggests that a trend reversion is underway, a change in the ongoing bearish trend is far. The AUD/JPY must exceed the maximum of May 13, 95.63 to change the inclination to neutral, since the price action needs to confirm a reversal, printing successive series of maximum and minimum higher.
On the contrary, if the AUD/JPY falls below the minimum of May 30, 92.00, a fall to Senkou Span B in 90.83 is in the letters.
AUD/JPY – DIARY PRICE GRAPH
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 Swiss Franco.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.23% | -0.42% | 0.07% | -0.15% | -0.47% | -0.67% | 0.04% | |
| EUR | 0.23% | -0.20% | 0.29% | 0.06% | -0.24% | -0.46% | 0.27% | |
| GBP | 0.42% | 0.20% | 0.53% | 0.27% | -0.04% | -0.25% | 0.47% | |
| JPY | -0.07% | -0.29% | -0.53% | -0.22% | -0.55% | -0.74% | -0.11% | |
| CAD | 0.15% | -0.06% | -0.27% | 0.22% | -0.31% | -0.52% | 0.20% | |
| Aud | 0.47% | 0.24% | 0.04% | 0.55% | 0.31% | -0.15% | 0.60% | |
| NZD | 0.67% | 0.46% | 0.25% | 0.74% | 0.52% | 0.15% | 0.73% | |
| CHF | -0.04% | -0.27% | -0.47% | 0.11% | -0.20% | -0.60% | -0.73% |
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.
