Published: 2025-04-03T07:04:13.000Z
Chart AUD/JPY Update: Under pressure, focus return to 92.00 level
Technical Analyst
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Sharply lower through the 93.60 support and 93.00 level as prices extend the mid-week rejection from the 95.50/75 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 96.50 | * | 21 Feb high | S1 | 92.00 | ** | congestion | |
| R3 | 96.00 | * | congestion | S2 | 90.12 | ** | 5 Aug 2024 year low | |
| R2 | 95.50/75 | ** | congestion, 18 Mar high | S3 | 89.16 | * | May 2023 low | |
| R1 | 94.00/30 | * | congestion, 10 Feb low | S4 | 88.00 | * | congestion |
Asterisk denotes strength of level
07:00 GMT - Sharply lower through the 93.60 support and 93.00 level as prices extend the mid-week rejection from the 95.50/75 resistance. Break of the 92.00 level will extend losses from the November high and turn focus to the 90.12, August 2024 year low. Below the latter will further retrace the broad 2020/2024 rally and see room to the 89.16 support then 88.00 congestion. Meanwhile, resistance is lowered to the 94.00/30 congestion and 10 February low. This is expected to cap and sustain losses from the 95.50/95.75 resistance and March high.