8 May 2014
AUD/JPY threatens the downside
FXStreet (Guatemala) - AUD/JPY is trading at 94.99, down -0.03% on the day, having posted a daily high at 95.11 and low at 94.90.
AUD/JPY is pressing on the 95 handle and testing the ascending support line from the start of the week in the mid 94’s. Meanwhile, we will be seeing further Australian numbers and these will come in the form on the jobs data and soon after, China will release their trade balance which may have an impact on the AUD also.
AUD/JPY Levels
Current price is 95.02, with resistance ahead at 95.03 (Daily 20 SMA), 95.06 (Daily Open), 95.09 (Weekly High), 95.11 (Daily High) and 95.18 (Yesterday's High). Next support to the downside can be found at 94.98 (Hourly 20 EMA), 94.96 (Daily Classic PP), 94.90 (Daily Low), 94.88 (Weekly Classic PP) and 94.88 (Hourly 200 SMA).
AUD/JPY chart formations
Looking at price patterns, we can see a Piercing Line 1-hour candlestick formation.
AUD/JPY is pressing on the 95 handle and testing the ascending support line from the start of the week in the mid 94’s. Meanwhile, we will be seeing further Australian numbers and these will come in the form on the jobs data and soon after, China will release their trade balance which may have an impact on the AUD also.
AUD/JPY Levels
Current price is 95.02, with resistance ahead at 95.03 (Daily 20 SMA), 95.06 (Daily Open), 95.09 (Weekly High), 95.11 (Daily High) and 95.18 (Yesterday's High). Next support to the downside can be found at 94.98 (Hourly 20 EMA), 94.96 (Daily Classic PP), 94.90 (Daily Low), 94.88 (Weekly Classic PP) and 94.88 (Hourly 200 SMA).
AUD/JPY chart formations
Looking at price patterns, we can see a Piercing Line 1-hour candlestick formation.