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17 Sep 2013
AUD/JPY capped below 92.50
FXstreet.com (Barcelona) - The AUD/JPY foreign exchange cross rate is last trading at 92.32 inside a tight 20 pip range since early NY trading ahead of RBA meeting minutes at 01:30 GMT.
AUD/JPY looking at 91 support
According to IFRMarkets analyst Richard Sexton: “Pullback from 38.2% fib at 93.65 set to retest trendline at 91.3. Any dip below is likely to be brief - major support at 90. Continued rotation higher towards 200 day MA likely in days ahead. Daily close below 90 round number/50 day MA would turn outlook bearish.”
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at Friday's highs 92.49, followed by Thursday's lows/recent session highs 92.91/94, and Thursday's highs at 93.28. To the downside, closest support lies at recent session lows 92.22, followed by Sept 09 highs at 92.08, and Thursday's/Friday's lows at 91.70/66.
AUD/JPY looking at 91 support
According to IFRMarkets analyst Richard Sexton: “Pullback from 38.2% fib at 93.65 set to retest trendline at 91.3. Any dip below is likely to be brief - major support at 90. Continued rotation higher towards 200 day MA likely in days ahead. Daily close below 90 round number/50 day MA would turn outlook bearish.”
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at Friday's highs 92.49, followed by Thursday's lows/recent session highs 92.91/94, and Thursday's highs at 93.28. To the downside, closest support lies at recent session lows 92.22, followed by Sept 09 highs at 92.08, and Thursday's/Friday's lows at 91.70/66.