24 Sep 2013
AUD/JPY tasting edge of upward trendline limits above 93.10
FXstreet.com (Chicago) - AUD/JPY tasted grounds around 93.00 limits after failing to hold on to bearish pressure after visiting 93.40 zone. Ahead of RBA data and Tokyo’s opening, the pair is suspended close to daily lows.
Price action reveals an upward primary trend but downward secondary trend. On the short-term, the pair accumulates minimal losses against the yen after failing to maintain performance above the 93.40 zone earlier in the day. In Australia, the Aussie had been fueled by positive Chinese manufacturing data but had no major impact influencer as no data was released and no major event took place affecting the currency. In Japan, the markets were closed on holiday welcoming the fall.
AUD/JPY Technical Levels
Offered at 91.19, the pair oscillates between supports aligned at 92.95 (September 11th lows), 92.56 (September 13th highs) followed by 92.00 (September 17th lows) and resistances set at 93.58 (September 19th lows), 94 (September 20th highs) followed by 94.49 (September 19th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis but flows below the EMA20.
Price action reveals an upward primary trend but downward secondary trend. On the short-term, the pair accumulates minimal losses against the yen after failing to maintain performance above the 93.40 zone earlier in the day. In Australia, the Aussie had been fueled by positive Chinese manufacturing data but had no major impact influencer as no data was released and no major event took place affecting the currency. In Japan, the markets were closed on holiday welcoming the fall.
AUD/JPY Technical Levels
Offered at 91.19, the pair oscillates between supports aligned at 92.95 (September 11th lows), 92.56 (September 13th highs) followed by 92.00 (September 17th lows) and resistances set at 93.58 (September 19th lows), 94 (September 20th highs) followed by 94.49 (September 19th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis but flows below the EMA20.