AUD/JPY Price Analysis: Bulls attack weekly hurdle above 93.00 on upbeat Aussie data
04.08.2022, 01:56

AUD/JPY Price Analysis: Bulls attack weekly hurdle above 93.00 on upbeat Aussie data

  • AUD/JPY renews intraday high as bulls approach one-week-old resistance line.
  • Australia’s trade numbers for June signals firmer surprise contrasting the softer Import, Export data.
  • Sluggish MACD tests upside momentum but sustained break of 100-HMA favors bulls.
  • 200-HMA acts as the additional resistance before highlighting June’s top.

AUD/JPY justifies firmer Aussie trade numbers while picking up bids to refresh the daily top near 93.10 during Thursday’s Asian session. In doing so, the cross-currency pair approaches a weekly resistance line while keeping the successful break of the 100-HMA.

Given the sluggish MACD signals, the AUD/JPY prices are likely to remain sidelined.

That said, Australia’s Trade Balance rose to 17,670M in June, well beyond the 14,000M forecast and 15,965M prior. However, Imports and Exports both eased to 0.7% and 5.1% during the stated month versus respective priors of 5.8% and 9.5%.

It should be noted that the quote’s upside break of the 93.25 trend line hurdle will need validation from the 200-HMA resistance of 93.65 to recall the AUD/JPY bulls.

On the contrary, a convergence of the 100-HMA and 38.2% Fibonacci retracement of July 27 to August 02 downside, near 92.50, appears a tough nut to crack for the AUD/JPY bears.

Following that, the 23.6% Fibonacci retracement level near 91.70 could probe the downside momentum ahead of the weekly low near 90.50.

AUD/JPY: Hourly chart

Trend: Further upside expected

 

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik