28 May 2014
AUD/JPY dark cloud cover
FXStreet (Guatemala) - AUD/JPY is trading at 94.29, down -0.12% on the day, having posted a daily high at 94.55 and low at 94.26.
The hourly FXStreet OB/OS Index for AUD/JPY is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. However, Sean Callow, strategist at Westpac Banking Corporation ABN noted that the AUD meanwhile probably has a sufficiently gloomy outlook priced in, with domestic data overdue for at least some recovery and momentum in China and thus key commodities stable to a touch firmer near term.
AUD/JPY Levels
With spot trading at 94.33, we can see next resistance ahead at 94.38 (Hourly 20 EMA), 94.42 (Weekly High), 94.43 (Daily Open), 94.43 (Daily Classic R2) and 94.55 (Daily High). Support below can be found at 94.30 (Daily Classic R1), 94.26 (Hourly 200 SMA), 94.26 (Daily Low), 94.17 (Daily Classic PP) and 94.12 (Yesterday's Low).
AUD/JPY chart formations
Looking to candlestick patterns, we can see a Dark Cloud Cover formation on the 1-hour chart.
The hourly FXStreet OB/OS Index for AUD/JPY is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. However, Sean Callow, strategist at Westpac Banking Corporation ABN noted that the AUD meanwhile probably has a sufficiently gloomy outlook priced in, with domestic data overdue for at least some recovery and momentum in China and thus key commodities stable to a touch firmer near term.
AUD/JPY Levels
With spot trading at 94.33, we can see next resistance ahead at 94.38 (Hourly 20 EMA), 94.42 (Weekly High), 94.43 (Daily Open), 94.43 (Daily Classic R2) and 94.55 (Daily High). Support below can be found at 94.30 (Daily Classic R1), 94.26 (Hourly 200 SMA), 94.26 (Daily Low), 94.17 (Daily Classic PP) and 94.12 (Yesterday's Low).
AUD/JPY chart formations
Looking to candlestick patterns, we can see a Dark Cloud Cover formation on the 1-hour chart.