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  • AUD/JPY trades near 79.35 after the release of China’s Caixin Manufacturing PMI on early Friday.
  • The February month private gauge of manufacturing purchasing managers’ index (PMI) came in at 49.9 versus 48.5 market forecast in February. The PMI registered 48.3 level in January.
  • Should the pair sustains the 79.35 break, it can aim for 79.60 while 79.80-85 region including highs marked during the month can challenge buyers then after.
  • During the pair’s rise above 79.85, 61.8% Fibonacci expansion (FE) of its early January – February moves at 81.00 could become Bulls’ favorite.
  • On the flipside, a support-line joining lows of February 08 and 21 may limit the pair’s immediate declines at 78.70, a break of which can drag it to 78.25 and 78.00.
  • If at all bears keep ruling the sentiment after 78.00. horizontal supports around 77.40 and 77.00 could gain market attention.

AUD/JPY 4-Hour chart

Additional important levels:

       Today Last Price:  79.19
       Today Daily change:  12  pips
       Today Daily change %:  0.15%
       Today Daily Open:  79.07
       Daily SMA20:  78.87
       Daily SMA50:  78.31
       Daily SMA100:  79.81
       Daily SMA200:  80.76
       Previous Daily High:  79.47
       Previous Daily Low:  78.93
       Previous Weekly High:  79.82
       Previous Weekly Low:  78.33
       Previous Monthly High:  79.85
       Previous Monthly Low:  77.44
       Daily Fibonacci 38.2%:  79.14
       Daily Fibonacci 61.8%:  79.27
       Daily Pivot Point S1:  78.84
       Daily Pivot Point S2:  78.62
       Daily Pivot Point S3:  78.3
       Daily Pivot Point R1:  79.38
       Daily Pivot Point R2:  79.7
       Daily Pivot Point R3:  79.92