Back
7 Jan 2014
AUD/JPY capped by 93.50 eyes 93.00
FXstreet.com (Córdoba) - The AUD/JPY rose above 93.50 in the first hours of the Asian session but once again it was unable to hold and pulled back, accelerating the decline following Australian trade data. The pair bottomed at 93.18 reaching a two day low. Currently trades near the lows at 93.25, 0.20% lower for the day.
Stocks in Japan are falling once again with the Nikkei 225 down 0.66% favoring the downside in the AUD/JPY.
Technical levels for the AUD/JPY
Currently the pair is testing a support area around 93.15/20; below immediate support lies at 92.90 (January 3rd low) and 92.70. To the upside the first resistance comes at 93.55 that is capping the upside since the second half of the American session, followed by 93.80 and 94.05/10 (December 31st high, daily high).
Stocks in Japan are falling once again with the Nikkei 225 down 0.66% favoring the downside in the AUD/JPY.
Technical levels for the AUD/JPY
Currently the pair is testing a support area around 93.15/20; below immediate support lies at 92.90 (January 3rd low) and 92.70. To the upside the first resistance comes at 93.55 that is capping the upside since the second half of the American session, followed by 93.80 and 94.05/10 (December 31st high, daily high).