AUD/JPY at 2-week lows; 92.50 target

FXstreet.com (Chicago) - AUD/JPY continues the parallel action that started hours ago after the earliest retracement from the 92.50 front. Stuck at 2-week lows, the pair attempts to relax bearish pressure.

AUD/JPY Technical Levels

Technically speaking, the pair is offered at 92.40 and oscillates between the supports aligned at 92.30 (October 7th lows), 91.76 (October 4th highs) ahead of 91 (November 7th lows) and the resistances set at 92.70 (November 2nd lows), 93 (November 6th lows) followed by 93.60 (November 22nd highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is neutral and yet flows below the EMA20. On longer-term charts, the pair presents negative signs.