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AUD/JPY rising up to test key 94 handle

FXStreet (Barcelona) - AUD/JPYis trading at 93.92, up 0.51% on the day, having posted a daily high at 94.03 and low at 93.74.

AUD/JPY had started to tail off but jumped up to test higher grounds in a continuation of the trend and resistance at 94.00. The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish. Meanwhile, daily RSI is in neutral territory at 34.54. On the hourly AUD/JPY chart, the 200 SMA is declining and currently at 93.15, down from the previous hour close at 94.04.

AUD/JPY noteworthy levels

With spot trading at 93.94, we can see next resistance ahead at 94.04 (Hourly 200 SMA), 94.33 (Daily Classic R2), 94.61 (Daily 200 SMA) and 94.74 (Weekly Classic R1). Support below can be found at 93.89 (Daily Classic R1) and 93.76.

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