Back
4 Nov 2013
AUD/JPY retracing from 93.74 session highs
FXstreet.com (Chicago) - AUD/JPY seems to be losing momentum after short-lived rally that sent the pair to 93.74 session highs.
AUD/JPY Technical Levels
Price action reveals a strong rally above immediate resistance at 93.61. Now trading at 93.63, the pair losses momentum and seems to be heading to trading back between the supports aligned at 93.24 (October 25th lows), 92.84 (October 29th lows) ahead of 92.38 (October 9th highs) and the resistances, 93.61 (October 30th highs) now broken, at 94 (October 28th highs) followed by 94.34 (October 24th highs). Earlier Australian data provided market participants a reason to bet on the Aussie’s strength but the pair seems to lose interest ahead of more Australian data due later tonight.
Markets are closed in Japan today.
AUD/JPY Technical Levels
Price action reveals a strong rally above immediate resistance at 93.61. Now trading at 93.63, the pair losses momentum and seems to be heading to trading back between the supports aligned at 93.24 (October 25th lows), 92.84 (October 29th lows) ahead of 92.38 (October 9th highs) and the resistances, 93.61 (October 30th highs) now broken, at 94 (October 28th highs) followed by 94.34 (October 24th highs). Earlier Australian data provided market participants a reason to bet on the Aussie’s strength but the pair seems to lose interest ahead of more Australian data due later tonight.
Markets are closed in Japan today.