Published: 2025-03-19T07:25:11.000Z
Chart AUD/JPY Update: Settling back from test of 95.50/96.00 resistance
Technical Analyst
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Break above the 94.30/94.70 resistance extend gains from the 92.00 double bottom to reach strong resistance at the 95.50/96.00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 97.00/30 | * | congestion, Feb high | S1 | 94.70 | * | 6 Mar high | |
| R3 | 96.50 | * | 21 Feb high | S2 | 94.30 | * | 10 Feb low | |
| R2 | 96.00 | * | congestion | S3 | 93.60 | * | Sep low | |
| R1 | 95.50 | * | Dec low | S4 | 92.52 | * | 13 Mar low |
Asterisk denotes strength of level
07:15 GMT - Break above the 94.30/94.70 resistance extend gains from the 92.00 double bottom to reach strong resistance at the 95.50/96.00 area. The latter also marks channel resistance from the November high and is expected to cap. Clearance here, if seen, will open up room for stronger gains to the 96.50 congestion then the strong resistance at the 97.00/30 area. Meanwhile, support remains at the 94.70/94.30 area which should underpin. Break here will return focus to the downside and see room to 93.60 support and 93.00/92.52 area.