17 Dec 2014
AUD/JPY trades below 96 handle
FXStreet (Mumbai) - The Australian dollar recovered partial losses from Asian morning and continued to trade weaker against the Japanese yen as the US dollar bulls jumped back to bids and took full control against the Aussie.
The AUD/JPY pair trades at 95.46 levels, down -0.27% on the day, after having clocked a low of 95.22 an hour ago. The yen continued to strengthen against the Aussie ignoring weaker than expected Japanese trade data. The AUD/JPY pair remains weighed by an appreciating US dollar against the Australian dollar. The AUD/USD pair now trades 0.8145, down -0.91% on the day, breaking below 0.82 handle (psychological level).
AUD/JPY Technical Levels
The pair has an immediate resistance at 95.66 (10-day SMA) levels, above which gains could be extended to 95.83 (20-day SMA) levels. On the flip side, support is seen at 94.78 (Oct 28 Low), from here it to 94.38 (Oct 9 Low) levels.
The AUD/JPY pair trades at 95.46 levels, down -0.27% on the day, after having clocked a low of 95.22 an hour ago. The yen continued to strengthen against the Aussie ignoring weaker than expected Japanese trade data. The AUD/JPY pair remains weighed by an appreciating US dollar against the Australian dollar. The AUD/USD pair now trades 0.8145, down -0.91% on the day, breaking below 0.82 handle (psychological level).
AUD/JPY Technical Levels
The pair has an immediate resistance at 95.66 (10-day SMA) levels, above which gains could be extended to 95.83 (20-day SMA) levels. On the flip side, support is seen at 94.78 (Oct 28 Low), from here it to 94.38 (Oct 9 Low) levels.