21 Jul 2014
AUD/JPY treading on a thin 95 handle
FXStreet (Guatemala) - AUD/JPY is trading at 95.10, down -0.07% on the day, having posted a daily high at 95.31 and low at 95.02.
AUD/JPY is consolidating the come back of last week when we ran up a concerted effort back onto the 95 handle with markets loosening up post the risk aversion that benefited the JPY on a grand scale towards the end of last weeks session. We will now await further developments on political movements and hold out for CPI numbers from Australia this week.
AUD/JPY Levels
Spot is presently trading at 95.11, and next resistance can be seen at 95.23 (Hourly 200 SMA), 95.31 on the hourly charts. Next obvious support to the downside can be found at 95.00 ahead of 94.80/60 and then last weeks low of 94.40/30 region opening up the psychological 94 handle.
AUD/JPY is consolidating the come back of last week when we ran up a concerted effort back onto the 95 handle with markets loosening up post the risk aversion that benefited the JPY on a grand scale towards the end of last weeks session. We will now await further developments on political movements and hold out for CPI numbers from Australia this week.
AUD/JPY Levels
Spot is presently trading at 95.11, and next resistance can be seen at 95.23 (Hourly 200 SMA), 95.31 on the hourly charts. Next obvious support to the downside can be found at 95.00 ahead of 94.80/60 and then last weeks low of 94.40/30 region opening up the psychological 94 handle.