Technical analysis

AUDJPY Wave Analysis 11 January 2024

– AUDJPY reversed from resistance level 97.45

– Likely to fall to support level 96.00

AUDJPY currency pair recently reversed down from the resistance level 97.45 (which has been reversing the pair from the middle of December).

The resistance level 97.45 was strengthened by the upper daily Bollinger Band.

AUDJPY can be expected to fall further to the next support level 96.00 (low of the previous Morning Star and wave 2 from the end of December)..

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