AUDJPY Chart Technical Outlook

AUDJPY Chart Technical Outlook remains vulnerable with upside attempts capped below 94.00 area so far, Australian Dollar’s recovery attempts from 93.00 are struggling to find acceptance above 94.00 with the pair looking vulnerable following a nearly 3% sell-off from Tuesday’s highs at 95.80.

Earlier today the RBA monetary policy statement hinted to further rate hikes over the coming months, which offered some respite to the AUD, although the cautious market mood ahead of the US NFP report is acting as a headwind for the risk-sensitive Aussie.

In a bigger picture, the pair is moving within a downside channel from mid-July highs, with resistance levels at 94.85, 95.35 and 95.95. Support levels are 93.05 and 91.95.

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