25 Oct 2013
AUD/JPY catalyzed to 93.21 grounds
FXstreet.com (Chicago) - AUD/JPY revisits yesterday’s key support extending the bearish channel for this week’s poor pair performance.
Data catalyses
The pair revisits yesterday’s lows by falling to 93.21. Down 0.31% so far, the Aussie’s precipitous fall confirms the bearish week and poor performance it has had so far. Japanese data seems to be the catalyzed by the reaction of market participants assessing matched results for the country’s inflation results.
AUD/JPY Technical Levels
Technically speaking, the pair is offered at 93.28 and oscillates between the supports aligned at 92.89 (October 14th lows), 92.45 (October 12th lows) ahead of 92 (October 5th highs) and the resistances set at 93.44 (October 10th highs), 94 (October 15th highs) followed by 94.49 (October 16th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis on a neutral EMA20.
Data catalyses
The pair revisits yesterday’s lows by falling to 93.21. Down 0.31% so far, the Aussie’s precipitous fall confirms the bearish week and poor performance it has had so far. Japanese data seems to be the catalyzed by the reaction of market participants assessing matched results for the country’s inflation results.
AUD/JPY Technical Levels
Technically speaking, the pair is offered at 93.28 and oscillates between the supports aligned at 92.89 (October 14th lows), 92.45 (October 12th lows) ahead of 92 (October 5th highs) and the resistances set at 93.44 (October 10th highs), 94 (October 15th highs) followed by 94.49 (October 16th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis on a neutral EMA20.