23 Jul 2013
AUD/JPY holding ground above 92.00
FXstreet.com (Barcelona) - The AUD/JPY foreign exchange cross rate is last quoted at 92.09 bids, little changed for the week so far, off late London session weekly lows at 91.85, printed on the back of Yen strength.
AUD/JPY daily studies bullish again
The cross has been trading all day long in a choppy fashion given both AUD and JPY have strengthened against the USD in similar amounts, so the cross remains mostly unchanged. According to IFR Markets analysts “daily studies are bullish again,” with 200 DMA looking as a short term resistance standing now around the 93.30 level, with the 50 DMA going lower and ready to cut the former one upside down at around mentioned level.
AUD/JPY key technical levels
Immediate support to the downside for AUD/JPY lies at recent London session weekly lows 91.85, followed by Friday's/Thursday's lows at 91.60, and July 15 highs/July 10 lows at 91.07/02. To the upside, closest resistance shows at Friday's Asian session/recent NY session highs 92.40, followed by yesterday's/Friday's highs at 92.58, and July 09 highs at 93.07.
AUD/JPY daily studies bullish again
The cross has been trading all day long in a choppy fashion given both AUD and JPY have strengthened against the USD in similar amounts, so the cross remains mostly unchanged. According to IFR Markets analysts “daily studies are bullish again,” with 200 DMA looking as a short term resistance standing now around the 93.30 level, with the 50 DMA going lower and ready to cut the former one upside down at around mentioned level.
AUD/JPY key technical levels
Immediate support to the downside for AUD/JPY lies at recent London session weekly lows 91.85, followed by Friday's/Thursday's lows at 91.60, and July 15 highs/July 10 lows at 91.07/02. To the upside, closest resistance shows at Friday's Asian session/recent NY session highs 92.40, followed by yesterday's/Friday's highs at 92.58, and July 09 highs at 93.07.