Published: 2025-08-18T07:05:58.000Z
Chart AUD/JPY Update: Weighing on 95.60 support
Technical Analyst
2
Leaning lower from the 96.85 lower high to retest the 95.60 support as daily studies unwind overbought readings
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 97.70 | * | 50% 2024/2025 fall | S1 | 95.60 | * | May high | |
| R3 | 97.40 | ** | 15 Jul high | S2 | 94.90 | ** | 4 Aug low | |
| R2 | 97.00 | * | congestion | S3 | 94.00 | * | congestion | |
| R1 | 96.85 | ** | 12 Aug high | S4 | 93.25 | * | 16 Jun low |
Asterisk denotes strength of level
07:00 GMT - Leaning lower from the 96.85 lower high to retest the 95.60 support as daily studies unwind overbought readings. Lower will see room to the 94.90 support and break here will extend the broader losses from 97.40, July high. Below this will further retrace the April/July rally and see room to the 94.00 congestion and 93.25 support. Meanwhile, resistance at the 96.85 high is expected to cap and sustain losses from the 97.40, July high and channel resistance from the August/April lows.