12 Jan 2015
AUD/JPY drops below 97.00
FXStreet (Córdoba) - AUD/JPY broke below 97.00 and weakened further, increasing losses during the American session. The pair printed a fresh low at 96.35 and is back to the level it closed on Wednesday.
After rising during three days in a row the pair is falling on Monday, after being unable to consolidate above 97.15 where the daily 20-SMA stands.
While USD/JPY remains flat, AUD/USD reversed sharply from 1-month highs and tumble from 0.8255 to 0.8130, pushiend AUD/JPY sharply to the downside.
AUD/JPY technical levels
To the downside, immediate support lies at 96.30, 95.60 (last week low) and 95.15/20 (Dec 16, 17 lows). On the opposite direction, resistance could be located at 96.75, 97.20 and 97.65 (Jan 9 high).
After rising during three days in a row the pair is falling on Monday, after being unable to consolidate above 97.15 where the daily 20-SMA stands.
While USD/JPY remains flat, AUD/USD reversed sharply from 1-month highs and tumble from 0.8255 to 0.8130, pushiend AUD/JPY sharply to the downside.
AUD/JPY technical levels
To the downside, immediate support lies at 96.30, 95.60 (last week low) and 95.15/20 (Dec 16, 17 lows). On the opposite direction, resistance could be located at 96.75, 97.20 and 97.65 (Jan 9 high).