Chart - Courtesy Trading View
AUD/JPY was trading 0.43% lower on the day at 92.61 at around 10:45 GMT. The pair has erased early gains and has edged lower from session highs at 93.89.
Softer Aussie data and deteriorating market sentiment keep downside pressure on the pair.
The National Australia Bank’s (NAB) Business Conditions and Business Confidence gauges eased to 16 in May, suggesting pessimism surrounding the Aussie markets.
The Business Confidence gauge slipped to 6 during the said month from a prior month reading of 10.
Technical indicators are bearish. Price action has slipped below 21-EMA and is holding support at 20-DMA and daily cloud.
Momentum is bearish. Volatility is high. Break below 20-DMA and cloud top will drag the pair lower.
Support levels - 92.34 (50-DMA), 91.51 (55-EMA)
Resistance levels - 93.04 (21-EMA), 94.42 (5-DMA)
Summary: AUD/JPY trades with a bearish bias. Watch out for break below daily cloud top for more weakness.


FxWirePro: USD/JPY remains in familiar place on intervention threat
FxWirePro: AUD/USD steadies around 0.7185, US-Iran news remains key
FxWirePro: GBP/AUD recovers some ground, geopolitics holds center stage
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
Bitcoin Cracks Below $70K: ETF Bloodbath and Iran Tensions Spark Bearish Breakdown as Bears Eye $67K
FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns
ETH Cracks Below $2K: $241M ETF Selloff Sparks 14-Day Exodus as Bears Target $1,700
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support
BTC Craters Below All Key EMAs: $2.63B ETF Selloff Triggers 'Sell on Rallies' to $67K
FxWirePro- Major Crypto levels and bias summary
NZDJPY Dips to 95.10: Bulls Buy the Pullback as Key 93.50 Support Keeps Uptrend Intact
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff
FxWirePro: USD/CNY dips as Yuan firms despite weak China factory data
NZD/JPY Springs Off 38.2% Fib Support: Triple EMA “Buy the Dip” Setup Eyes 96.15–97 



