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18 Sep 2013
AUD/JPY below 93 ahead of RBA Edey speech
FXstreet.com (Barcelona) - The AUD/JPY foreign exchange cross rate is last trading at 92.75 unchanged since late NY session ahead of the Tokyo open and some minor Australian data coming out including RBA Assist Gov Edey speaking at 01:30 GMT, up +0.96% for the week so far.
AUD/JPY uptrend reinforced
“Rising Tenkan line has more or less caught the lows for a second day running,” said IFRMarkets analysts, adding: “Our bid is now at 92.10, where the Tenkan resides. Prices look headed for another test of the 38.2% retracement at 93.64 that it couldn't clear earlier this month. Today is first day wholly above the Cloud since May, reinforcing the uptrend.”
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at recent session and Monday's London session highs 92.80, followed by NY session weekly highs at 92.97, and Sept 12 highs at 93.28. To the downside, closest support lies at yesterday's Asian session highs 92.67, followed by Sept 13 highs at 92.50, and yesterday's Asian session lows at 92.11.
AUD/JPY uptrend reinforced
“Rising Tenkan line has more or less caught the lows for a second day running,” said IFRMarkets analysts, adding: “Our bid is now at 92.10, where the Tenkan resides. Prices look headed for another test of the 38.2% retracement at 93.64 that it couldn't clear earlier this month. Today is first day wholly above the Cloud since May, reinforcing the uptrend.”
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at recent session and Monday's London session highs 92.80, followed by NY session weekly highs at 92.97, and Sept 12 highs at 93.28. To the downside, closest support lies at yesterday's Asian session highs 92.67, followed by Sept 13 highs at 92.50, and yesterday's Asian session lows at 92.11.