Published: 2025-04-04T07:22:32.000Z
Chart AUD/JPY Update: Focus on the 90.12, August low
Technical Analyst
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Extending the break of the 93.00 level and sharp losses through the March low at the 92.00 congestion return focus to the 90.12, August low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 94.30 | * | 10 Feb low | S1 | 90.12 | ** | 5 Aug 2024 year low | |
| R3 | 93.60 | ** | Sep low | S2 | 89.16 | * | May 2023 low | |
| R2 | 93.00 | * | congestion | S3 | 88.00 | * | congestion | |
| R1 | 92.00 | * | congestion, Mar low | S4 | 87.00 | * | congestion |
Asterisk denotes strength of level
07:20 GMT - Extending the break of the 93.00 level and sharp losses through the March low at the 92.00 congestion return focus to the 90.12, August low. Oversold daily and weekly studies suggest reaction at the latter likely to correct the mid-week rejection from the 95.50/75 resistance. Meanwhile, resistance is lowered to the 92.00 level but a stronger bounce to the 93.00/93.60 congestion cannot be ruled out. Break of the 90.12 low will extend losses from the July 2024 multi-year high to retrace gains from the March 2020 year low.