Published: 2025-05-27T04:19:29.000Z
Chart AUD/JPY Update: Consolidating above 92.00, lower later
Technical Analyst
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No follow-through on break of the March low at 92.00 as prices consolidate losses from the 95.50 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 96.15 | * | 61.8% Nov/Apr fall | S1 | 92.00 | ** | Mar low | |
| R3 | 95.50 | ** | Dec low | S2 | 91.40 | * | 15 Apr high | |
| R2 | 94.00/30 | * | congestion, 10 Feb low | S3 | 90.58 | * | 29 Apr low | |
| R1 | 93.55 | * | congestion | S4 | 90.12/00 | ** | Aug 2024 year low, congestion |
Asterisk denotes strength of level
04:15 GMT - No follow-through on break of the March low at 92.00 as prices consolidate losses from the 95.50 resistance. Bounce see prices unwinding oversold intraday studies but this is expected to give way to renewed selling pressure later. Lower will see pullback to retrace gains from the 86.05, April YTD low, and see room to strong support at the 92.00/91.40 area. Meanwhile, resistance is lowered to 93.55 which is expected to cap. Clearance here, if seen, will see room for stronger corrective bounce to the 94.00/94.30 resistance.