Published: 2025-07-02T07:08:37.000Z
Chart AUD/JPY Update: Drifting narrowly above 94.00 congestion
Technical Analyst
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Little change, as prices drift narrowly and extend consolidation above the 94.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 97.00 | * | congestion | S1 | 94.00 | * | congestion | |
| R3 | 96.15 | * | 61.8% Nov/Apr fall | S2 | 93.20/00 | * | congestion | |
| R2 | 95.50 | ** | Dec low | S3 | 92.30/00 | ** | 13 Jun low, congestion | |
| R1 | 95.00 | * | congestion | S4 | 91.64 | * | 23 May low |
Asterisk denotes strength of level
07:10 GMT - Little change, as prices drift narrowly and extend consolidation above the 94.00. Mixed daily studies suggest further ranging action here and break here needed to to open up room for deeper pullback from the 94.90/95.00 resistance area. Lower will open up room to the 93.20/93.00 support. Below the latter will return focus to the downside for retest of strong support at the 92.30/92.00 area. Meanwhile, resistance at 94.90/95.00 high/congestion area is expected to cap. Clearance, will extend gains towards strong resistance at 95.50, May high and congestion area.