8 Apr 2014
AUD/JPY is too weak to go past 92.60 resistance
FXStreet (Moscow) - AUD/JPY has recovered from Asian lows at 95.30 but the upside is stalled at 95.61
AUD/JPY follows the Aussie
AUD/JPY dropped on Monday after a long period of consolidation in a very tight range right below the pivotal level of 96.00. The downside was caused by two factors: Aussie sell-off and JPY buying against US Dollar. The cross is trying to stage a rebound from current Asian lows of 95.30, but the bullish momentum is rather weak. Most likely, the upside will be limited by 96.00. The cross needs to close above 96.05 to get the situation under control, though it is not likely until Australia labour market report is published.
What are today’s key AUD/JPY levels?
Today's central pivot point can be found at 95.66, with support below at 95.24, 94.92 and 94.51, with resistance above at 95.98, 96.40 and 96.72. Hourly Moving Averages are mostly bearish, with the 200SMA at 95.42 and the daily 20EMA at 94.32. Hourly RSI is bearish at 42.
AUD/JPY follows the Aussie
AUD/JPY dropped on Monday after a long period of consolidation in a very tight range right below the pivotal level of 96.00. The downside was caused by two factors: Aussie sell-off and JPY buying against US Dollar. The cross is trying to stage a rebound from current Asian lows of 95.30, but the bullish momentum is rather weak. Most likely, the upside will be limited by 96.00. The cross needs to close above 96.05 to get the situation under control, though it is not likely until Australia labour market report is published.
What are today’s key AUD/JPY levels?
Today's central pivot point can be found at 95.66, with support below at 95.24, 94.92 and 94.51, with resistance above at 95.98, 96.40 and 96.72. Hourly Moving Averages are mostly bearish, with the 200SMA at 95.42 and the daily 20EMA at 94.32. Hourly RSI is bearish at 42.