15 Apr 2014
AUD/JPY fails to hold above 96.00
FXStreet (Córdoba) - The AUD/JPY finished higher on Monday after rising from 95.10 to 95.99. Early in Asia climbed to 96.02, reaching the highest price since last Thursday but failed to hold and ahead of the release of RBA minutes moved to the downside.
Currently trades at 95.80 as the Aussie weakness across the board. The AUD/JPY failed to benefit from the rise of the USD/JPY, that approached 102.00.
Technical levels to consider for the AUD/JPY
To the upside, the immediate level to consider lies at 96.00, above here the next resistance could be located at 96.20 (April 10 highs) and then 96.50 (April 4 high). To the downside, initial support might lie at 95.65 (Monday’s American session low), 95.50 and 95.00/05 (April 8, 11 lows).
Currently trades at 95.80 as the Aussie weakness across the board. The AUD/JPY failed to benefit from the rise of the USD/JPY, that approached 102.00.
Technical levels to consider for the AUD/JPY
To the upside, the immediate level to consider lies at 96.00, above here the next resistance could be located at 96.20 (April 10 highs) and then 96.50 (April 4 high). To the downside, initial support might lie at 95.65 (Monday’s American session low), 95.50 and 95.00/05 (April 8, 11 lows).