10 Apr 2014
AUD/JPY calm before the jobs report
FXStreet (Guatemala) - Currently, AUD/JPY is trading at 95.72, down -0.05% on the day, having posted a daily high at 95.82 and low at 95.70.
AUD/JPY will be under the spotlight later, and as strategists at TD Securities explained, the show-stopper is the employment data and given the definitive turnaround in job vacs in recent months they see the turnaround as “real” and expect another +15k (mkt +2.5k) although leaving the unemployment rate at the cyclical high of 6.0%.
AUD/JPY neutral
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. At the time of writing, RSI is neutral at 60.51, up from 60.42 at the last hour close, while ADX is trending at 35.56, up from 17.62 previous. Meanwhile, daily RSI is in neutral territory at 63.33.
AUD/JPY Levels
Current price is 95.73, with resistance ahead at 95.77 (Weekly Classic PP), 95.79 (Daily Open), 95.82 (Daily Classic R1), 95.82 (Daily High) and 95.82 (Yesterday's High). Next support to the downside can be found at 95.70 (Daily Low), 95.69 (Hourly 100 SMA), 95.64 (Hourly 200 SMA), 95.50 (Hourly 20 EMA) and 95.41 (Daily Classic PP). Looking at price patterns, we can see a Shooting Star 1-hour candlestick formation.
AUD/JPY will be under the spotlight later, and as strategists at TD Securities explained, the show-stopper is the employment data and given the definitive turnaround in job vacs in recent months they see the turnaround as “real” and expect another +15k (mkt +2.5k) although leaving the unemployment rate at the cyclical high of 6.0%.
AUD/JPY neutral
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. At the time of writing, RSI is neutral at 60.51, up from 60.42 at the last hour close, while ADX is trending at 35.56, up from 17.62 previous. Meanwhile, daily RSI is in neutral territory at 63.33.
AUD/JPY Levels
Current price is 95.73, with resistance ahead at 95.77 (Weekly Classic PP), 95.79 (Daily Open), 95.82 (Daily Classic R1), 95.82 (Daily High) and 95.82 (Yesterday's High). Next support to the downside can be found at 95.70 (Daily Low), 95.69 (Hourly 100 SMA), 95.64 (Hourly 200 SMA), 95.50 (Hourly 20 EMA) and 95.41 (Daily Classic PP). Looking at price patterns, we can see a Shooting Star 1-hour candlestick formation.