- Early-market action is seeing markets recover from a bearish opening.
- Monday data and trade volumes will both be limited.
The AUD/JPY is trading into 82.50 in early Monday action as broader markets regain their bullish posture despite a bearish gap opening the week’s candlesticks.
Economic data has been thin for the early Asian market session, although Domestic Corporate Goods Prices for Japan came in largely as-expected, and Monday can expect to carry on with thin volumes amidst an anemic data calendar and a US Thanksgiving long weekend keeping the later day’s volumes constrained, and traders will be awaiting the mid-week’s higher-impact economic readings.
Trade war concerns continue to be a major narrative for the Pacific-Asia session, and a recent thawing between the US and China could spiral out into a fresh round of broad-market risk aversion if trade war rhetoric returns to the fold.
AUD/JPY Technical Levels
AUD/JPY
Overview:
Last Price: 82.39
Daily change: 21 pips
Daily change: 0.256%
Daily Open: 82.18
Trends:
Daily SMA20: 80.55
Daily SMA50: 80.62
Daily SMA100: 81.25
Daily SMA200: 82.09
Levels:
Daily High: 82.88
Daily Low: 82.11
Weekly High: 83.06
Weekly Low: 81.24
Monthly High: 82.5
Monthly Low: 78.56
Daily Fibonacci 38.2%: 82.41
Daily Fibonacci 61.8%: 82.59
Daily Pivot Point S1: 81.9
Daily Pivot Point S2: 81.62
Daily Pivot Point S3: 81.12
Daily Pivot Point R1: 82.67
Daily Pivot Point R2: 83.17
Daily Pivot Point R3: 83.45
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