7 Aug 2013
AUD/JPY stalled on 7-months lows
FXstreet.com (Chicago) - AUD/JPY remained trading below 88.00 levels as market participants await for home data in Australia.
This quarter, the Aussie has drowned 11.81% against the greenback in terms of relative performance. Compared to the yen, no exception is made as the price remains below 88.00 levels despite apparent recovery earlier this week. On outlook for housing and job market data to be published later today and on Thursday, the pair accumulates 0.04% losses so far.
Technically speaking, the pair is reported as strongly bearish by the FXstreet trend index as it is offered at 87.75 with supports aligned at 87.63 (August 4th lows), 87.48 (August 5th lows) and 87.25 (intraday lows) and resistances at 87.90 (daily highs), 88.00 (August 4th lows) ahead of 88.27 (August 4th highs).
This quarter, the Aussie has drowned 11.81% against the greenback in terms of relative performance. Compared to the yen, no exception is made as the price remains below 88.00 levels despite apparent recovery earlier this week. On outlook for housing and job market data to be published later today and on Thursday, the pair accumulates 0.04% losses so far.
Technically speaking, the pair is reported as strongly bearish by the FXstreet trend index as it is offered at 87.75 with supports aligned at 87.63 (August 4th lows), 87.48 (August 5th lows) and 87.25 (intraday lows) and resistances at 87.90 (daily highs), 88.00 (August 4th lows) ahead of 88.27 (August 4th highs).