12 Jan 2015
AUD/JPY trades at 5-DMA
FXStreet (Mumbai) - The Australian dollar inched higher against the Japanese yen in a calm Asian session, extending its stretch of gains into the fourth straight session.
Currently, the AUD/JPY pair traded at 97.44 levels, up 0.24% on the day, having clocked day’s high at 97.61 earlier in the session. The cross in AUD/JPY pared advanced as the Aussie stormed its way higher versus the greenback after bullish Australian data. However, the gains in the AUD/JPY cross remains capped also as yen rises against the US dollar. The USD/JPY pair trades at 118.22 levels down -0.21% on the day. While, AUD/USD traded much higher at 0.8244, up 0.51% on the day, at time of writing.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 97.75 (Jan 9 High) levels and above which it could extend gains to at 98.15 (Jan 2 High) levels. To the downside immediate support might be located at 96.98 (Jan 4 Low) levels below that at 96.49 (Jan 5 Low) levels.
Currently, the AUD/JPY pair traded at 97.44 levels, up 0.24% on the day, having clocked day’s high at 97.61 earlier in the session. The cross in AUD/JPY pared advanced as the Aussie stormed its way higher versus the greenback after bullish Australian data. However, the gains in the AUD/JPY cross remains capped also as yen rises against the US dollar. The USD/JPY pair trades at 118.22 levels down -0.21% on the day. While, AUD/USD traded much higher at 0.8244, up 0.51% on the day, at time of writing.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 97.75 (Jan 9 High) levels and above which it could extend gains to at 98.15 (Jan 2 High) levels. To the downside immediate support might be located at 96.98 (Jan 4 Low) levels below that at 96.49 (Jan 5 Low) levels.