12 Jul 2013
AUD/JPY holds above key 90.00 level
FXstreet.com (Barcelona) - The AUDJPY foreign exchange cross rate is last trading near session highs at 90.89, off early NY session and weekly lows highs at 90.09, printed on the back of Aussie weakness.
AUD/JPY suggests could move lower
According to CMT at FOREX.com Chris Tevere, “this week AUDJPY failed into the 200-day sma & prior lows from 2013 between 92.75/95 and has come off rapidly since. Considering daily RSI’s recent failure back into trendline support (now resistance) and the ensuing move lower, it suggests AUDJPY’s corresponding trendline support near 89.90/00 could give way.”
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at recent session highs/Wednesday's lows 91.01, followed by July 05 lows at 91.22, and June 28 lows/Tuesday's lows at 91.74. To the downside, closest support lies at July 04 lows 90.52, followed by July 01 lows at 90.38, and July 03/recent NY session weekly lows at 90.11/09.
AUD/JPY suggests could move lower
According to CMT at FOREX.com Chris Tevere, “this week AUDJPY failed into the 200-day sma & prior lows from 2013 between 92.75/95 and has come off rapidly since. Considering daily RSI’s recent failure back into trendline support (now resistance) and the ensuing move lower, it suggests AUDJPY’s corresponding trendline support near 89.90/00 could give way.”
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at recent session highs/Wednesday's lows 91.01, followed by July 05 lows at 91.22, and June 28 lows/Tuesday's lows at 91.74. To the downside, closest support lies at July 04 lows 90.52, followed by July 01 lows at 90.38, and July 03/recent NY session weekly lows at 90.11/09.