AUDJPY Wave Analysis

  • AUDJPY reversed from resistance level 97.35
  • Likely to fall to support level 96.00

AUDJPY currency pair recently reversed down from the major resistance level 97.35 (which has been reversing the pair from September of 2022).

The resistance level 97.35 was strengthened by the upper daily and weekly Bollinger Bands.

Given the strength of the resistance level 97.35 and the overbought daily Stochastic, AUDJPY can be expected to fall further toward the next support level 96.00.

FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.

Featured Analysis

Learn Forex Trading