10 Apr 2014
AUD/JPY rejected from intraday highs of 96.22
FXStreet (Moscow) - AUD/JPY tried to break above 96.00 resistance level, but the bullish momentum was not strong enough and the cross returned to 95.90
AUD/JPY needs new stimulus to grow
AUD/JPY was on the upside on Wednesday as the Aussie grew across the board due to positive macroeconomic data. On the longer term scale the cross is consolidating close to the pivotal 96.00 level. Numerous attempts to break higher led to no success, and even better than expected Australian labour market figures were not enough for the bulls to overcome the hurdle. It means the the cross might continue to oscillate in a narrow range for some time. Bears need to close below 95.00 on daily basis to claim victory.
What are today’s key AUD/JPY levels?
Today's central pivot point can be found at 95.59, with support below at 95.36, 94.94 and 94.57, with resistance above at 96.01, 96.24 and 96.66. Hourly Moving Averages are bullish, with the 200SMA at 95.67 and the daily 20EMA at 94.54. Hourly RSI is bullish at 63.
AUD/JPY needs new stimulus to grow
AUD/JPY was on the upside on Wednesday as the Aussie grew across the board due to positive macroeconomic data. On the longer term scale the cross is consolidating close to the pivotal 96.00 level. Numerous attempts to break higher led to no success, and even better than expected Australian labour market figures were not enough for the bulls to overcome the hurdle. It means the the cross might continue to oscillate in a narrow range for some time. Bears need to close below 95.00 on daily basis to claim victory.
What are today’s key AUD/JPY levels?
Today's central pivot point can be found at 95.59, with support below at 95.36, 94.94 and 94.57, with resistance above at 96.01, 96.24 and 96.66. Hourly Moving Averages are bullish, with the 200SMA at 95.67 and the daily 20EMA at 94.54. Hourly RSI is bullish at 63.