Published: 2025-05-07T07:37:18.000Z
Chart AUD/JPY Update: Lower in consolidation from 93.55 high
Technical Analyst
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Little change, as prices extend consolidation below the 93.55 high and July trendline
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 95.50 | ** | Dec low | S1 | 92.00 | * | Mar low | |
| R3 | 94.20 | * | 50% Nov/Apr fall | S2 | 91.40 | * | 15 Apr high | |
| R2 | 94.00 | * | congestion | S3 | 90.10/00 | ** | Aug low, congestion | |
| R1 | 93.55 | * | Jul trendline | S4 | 88.28 | 11 Apr low |
Asterisk denotes strength of level
07:35 GMT - Little change, as prices extend consolidation below the 93.55 high and July trendline. Pullback from the latter see prices unwinding overbought intraday and daily studies and see room to support at the March low at 92.00 and extending to the 91.40, 15 April high. Break of this area will return focus to the downside for retest of the 90.00 level. Meanwhile, reistance at the 93.55 high expected to cap. Clearance here will see room for stronger gains to retrace the November/April losses to the 94.00/20 congestion and 50% Fibonacci level.