AUD/JPY testing bids near 95.00

FXStreet (Bali) - AUD/JPY is down -0.50% on the day at 95.09, currently trading at 95.09 after aggressive selling in early Tokyo, having posted a daily high at 95.64 and low at 95.06.

How strong has the move been?

The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish. At the time of writing, RSI is neutral at 20.72, down from 43.61 at the last hour close, while ADX is ranging at 22.75, up from 20.66 previous. Meanwhile, daily RSI is in neutral territory at 66.64. On the hourly AUD/JPY chart, the 200 SMA is declining and currently at 95.63, down from the previous hour close at 95.74. On average, the exponential closing price for the past 20 days is 94.54, with the trend indicating a continuation higher ahead.

What price levels and patterns have to be considered?

Current price is 95.10, with resistance ahead at 95.30 (Weekly Low), 95.36 (Daily Classic S1), 95.44 (Yesterday's Low), 95.58 (Daily Open) and95.59 (Daily Classic PP).
Next support to the downside can be found at 95.06 (Daily Low), 95.00 (Weekly Classic S1), 94.94 (Daily Classic S2), 94.71 (Daily Classic S3) and 94.54 (Daily 20 SMA