8 Oct 2014
AUD/JPY falls to 8-week low
FXStreet (Córdoba) - AUD/JPY broke below 95.00 and fell to 94.81, reaching the lowest price since August 13. The pair remains holds 95.00, under pressure.
The yen remains weak in the market as USD/JPY recovers and breaks above 108.35 but the decline of AUD/USD weighs on the aussie, that is among the worst performers.
AUD/JPY technical levels
To the downside, the immediate support lies around daily lows at 94.80 and below here at 94.50 (August 11 low) and 94.30. To the upside, the 95.00 area has become a resistance and above here 95.20 and 95.55 (weekly highs).
The yen remains weak in the market as USD/JPY recovers and breaks above 108.35 but the decline of AUD/USD weighs on the aussie, that is among the worst performers.
AUD/JPY technical levels
To the downside, the immediate support lies around daily lows at 94.80 and below here at 94.50 (August 11 low) and 94.30. To the upside, the 95.00 area has become a resistance and above here 95.20 and 95.55 (weekly highs).