AUD/JPY Rebounds After Testing Monthly Low
AUD/JPY rises for the third consecutive day after testing the monthly low (93.59).
AUD/JPY Rate Outlook
AUD/JPY may attempt to test the monthly high (94.72) as it pushes above the 50-Day SMA (94.33), and the exchange rate seems to be showing a limited response to the negative slope in the moving average as it no longer trades within a descending channel.
A break above the opening range for September brings the August high (95.06) on the radar, with a break/close above the 95.30 (50% Fibonacci extension) to 96.10 (78.6% Fibonacci retracement) region bringing the July high (96.83) on the radar.
However, failure to clear the monthly high (94.72) may keep AUD/JPY within a defined range, with a move below the 93.90 (61.8% Fibonacci retracement) to 94.40 (23.6% Fibonacci retracement) area bringing the monthly low (93.59) back on the radar.
AUD/JPY Rate Outlook
AUD/JPY may attempt to test the monthly high (94.72) as it pushes above the 50-Day SMA (94.33), and the exchange rate seems to be showing a limited response to the negative slope in the moving average as it no longer trades within a descending channel.
A break above the opening range for September brings the August high (95.06) on the radar, with a break/close above the 95.30 (50% Fibonacci extension) to 96.10 (78.6% Fibonacci retracement) region bringing the July high (96.83) on the radar.
However, failure to clear the monthly high (94.72) may keep AUD/JPY within a defined range, with a move below the 93.90 (61.8% Fibonacci retracement) to 94.40 (23.6% Fibonacci retracement) area bringing the monthly low (93.59) back on the radar.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.