AUDJPY Forex Analysis - Retest & Failure At 92.81 Weekly Resistance?

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the AUDJPY weekly, daily, and 4-hour charts.

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the AUDJPY weekly, daily, and 4-hour charts.

Price reversed at the 92.81 weekly resistance level yesterday which is also last month’s high.

Watching for a retest and failure at the 92.81 weekly resistance level for a long term move back down the range.

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The Australian Dollar ratcheted higher to 0.6593 from 0.6522 after RBA Governor Michelle Bullock said the central will not hesitate to raise rates again to combat inflation. Her remarks came after the Australian central bank held the cash rate steady at 4.35%.
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