AUDJPY returns to the 100 hour MA


AUDJPY hit its highest level since June 2015 this week

the AUDJPY

USD/JPY

AUD/JPY is the currency pair comprising the Australian Commonwealth of Australia dollar (symbol $, code AUD) and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed to buy one Australian dollar. For example, when AUD/JPY is trading at 85.00, it means that 1 Australian dollar equals 85 Japanese yen. The Australian dollar (AUD) is the fifth most traded currency in the world, while the Japanese yen (JPY) is the third most traded currency in the world, making for a rather liquid pair. While currency pair spreads vary from broker to broker, AUD/JPY generally stays within the 1 pip to 3 pip range. Important news announcements for this pair include the Westpac Leading Index for Australia. This tracks the growth of a combined index that takes into account nine barometers of economic activity and the unemployment rate for Japan, which measures the percentage of unemployed people in the country. Moreover, both countries are highly developed free markets, with a large share of their economies. relying on exports. How to trade the AUD/JPYAUD/JPY is not the most volatile pair, with daily variations generally ranging between 50 and 150 pips. It is also strongly positively correlated with other pairs such as the NZD/JPY. Despite the fact that AUD/JPY is a combination of some of the largest economies in the developed world, this pair is not hugely popular among traders. AUD/JPY is widely used as a carry trade pair. However, those who trade the AUD/JPY are very keen on praising its potential as a viable currency cross, thanks to its adherence to a plethora of techniques, primarily support and resistance, Fibonacci, pivots and break lines. tendency.

AUD/JPY is the currency pair comprising the Australian Commonwealth of Australia dollar (symbol $, code AUD) and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed to buy one Australian dollar. For example, when AUD/JPY is trading at 85.00, it means that 1 Australian dollar equals 85 Japanese yen. The Australian dollar (AUD) is the fifth most traded currency in the world, while the Japanese yen (JPY) is the third most traded currency in the world, making for a rather liquid pair. While currency pair spreads vary from broker to broker, AUD/JPY generally stays within the 1 pip to 3 pip range. Important news announcements for this pair include the Westpac Leading Index for Australia. This tracks the growth of a combined index that takes into account nine barometers of economic activity and the unemployment rate for Japan, which measures the percentage of unemployed people in the country. Moreover, both countries are highly developed free markets, with a large share of their economies. relying on exports. How to trade the AUD/JPYAUD/JPY is not the most volatile pair, with daily variations generally ranging between 50 and 150 pips. It is also strongly positively correlated with other pairs such as the NZD/JPY. Despite the fact that AUD/JPY is a combination of some of the largest economies in the developed world, this pair is not hugely popular among traders. AUD/JPY is widely used as a carry trade pair. However, those who trade the AUD/JPY are very keen on praising its potential as a viable currency cross, thanks to its adherence to a plethora of techniques, primarily support and resistance, Fibonacci, pivots and break lines. tendency.
Read this term move to the highest level since June 2015 this week. The highest price reached 95.736. The price fell from 80.36 to the January low. That’s a gain of 1537 pips.

After moving to the highs yesterday, the price retraced lower closing just above the previous days close. However, there was plenty of choppy top-to-bottom action.

Drilling on the hourly chart below, in today’s trading, a final run to the 95.736 high could not be sustained and the past five hours or so have seen a downward swing after the removal of lows.

Lower price is now taken the price to test the 100 hourly moving average at 94.476. The current price is trading just above this level at 94.521. Below this level are swing highs dating back to March 28, April 5, and April 6. These levels lie between 94.129 and 94.31. Finally, the rise in the 200 hourly moving average at 93.95. These are the targets for further selling pressure from the break below the 100 hourly moving average.

Conversely, if the 100 hourly moving average can hold support, bearish buyers against the moving average are comfortable. Traders will then watch yesterday’s low at 94.736 as the first target to reach and break through. Move above that and there’s more comfort than the bottom could possibly get.

AUDJPY

AUDJPY tests the 100 hourly moving average


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