Published: 2025-03-21T06:50:14.000Z
Chart AUD/JPY Update: Consolidating, room for lower later
Technical Analyst
-
Turned up from the 93.15 low to consolidate sharp losses from the 95.50/96.00 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 95.75 | ** | 18 Mar high | S1 | 93.60 | * | Sep low | |
| R3 | 95.50 | * | Dec low | S2 | 92.52 | * | 13 Mar low | |
| R2 | 94.70 | * | 6 Mar high | S3 | 92.00 | ** | congestion | |
| R1 | 94.30 | * | 10 Feb low | S4 | 90.12 | ** | Aug 2024 year low |
Asterisk denotes strength of level
06:40 GMT - Turned up from the 93.15 low to consolidate sharp losses from the 95.50/96.00 resistance. Bounce see prices unwinding the oversold intraday studies but the negative daily chart suggest this giving way to fresh selling pressure later. Below the 93.15 low will room to the 92.52 support then the critical 92.00 congestion and 91.80 lows. Below these will turn focus to the 90.12, August 2024 year low. Meanwhile, resistance is lowered to the 94.30/94.70 area which is expected to cap and sustain losses from the 95.75 high.