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1 Nov 2018
AUD/JPY Technical Analysis: Eyes test of 50-day EMA on upbeat Aussie trade data
- Australia trade surplus shot higher in September, courtesy of a big jump iron ore and mineral-fuel exports, the Australian Bureau of Statistics (ABS) data released a few minutes ago showed.
- The upbeat data put a bid under the Aussie dollar, pushing it higher across the board. The AUD/USD is currently trading at 80.18, up 0.36 percent on the day, and could rise further toward the 50-day EMA of 80.48 as the technical charts are biased bullish.
- The daily chart shows a bullish divergence of the RSI and stochastic and a bullish crossover on the MACD. Further, the 5-day and 10-day EMAs are trending north, indicating a bullish setup.
- The news that UK's PM Theresa May has sealed a Brexit deal with the EU on financial services may push risk assets higher across the board. Thus, anti-risk JPY could take a beating.
Daily Chart
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Trend: Bullish
AUD/JPY
Overview:
Last Price: 80.14
Daily change: 26 pips
Daily change: 0.325%
Daily Open: 79.88
Trends:
Daily SMA20: 79.86
Daily SMA50: 80.49
Daily SMA100: 81.23
Daily SMA200: 82.3
Levels:
Daily High: 80.43
Daily Low: 79.86
Weekly High: 80.32
Weekly Low: 78.56
Monthly High: 82.5
Monthly Low: 78.56
Daily Fibonacci 38.2%: 80.07
Daily Fibonacci 61.8%: 80.21
Daily Pivot Point S1: 79.68
Daily Pivot Point S2: 79.48
Daily Pivot Point S3: 79.11
Daily Pivot Point R1: 80.26
Daily Pivot Point R2: 80.63
Daily Pivot Point R3: 80.83