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Feb 26 - 10:55 PM

AUD/JPY - Plumbing Fresh Lows, Mid-93 Area Targeted?

By Haruya Ida  —  Feb 26 - 08:47 PM

• AUD/JPY as low as 93.74 yesterday, lowest since 93.84 on Sept 16 '24

• Asia so far today 93.78-94.07, trading on heavy side, bias still down

• Further slide to 93.57 low on Sept 11 '24 targeted by bears

• Break here and 93.38 on Aug 6 '24 projects test to 90.11 spike low Aug 5

• Hourly chart shows resistance from area of 94.09 Ichimoku tenkan

• Kijun above at 94.22, hourly Ichimoku cloud 94.52-72, 55-HMA 94.58

• Some AUD/JPY option expiries today at 93.50 but not large

• Concerns over the impact of Trump trade policies, risk-off mood drivers

• RBA in pause mode but to cut rates eventually ,

• Related comment , also , for more click on [FXBUZ]

AUD/JPY daily:


AUD/JPY hourly:


(Haruya Ida is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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