19 Jan 2015
AUD/JPY back above 96 handle
FXStreet (Mumbai) - The Australian dollar inched lower versus the Japanese yen in the mid-Asian session, reversing gains from the previous session, as JPY bulls took control on increased risk-off trades.
Currently, the AUD/JPY pair traded at 96.17, down -0.53% on the day, having previously posted day’s low at 95.93 levels. The cross in AUD/JPY edged lower as the safe-haven bids for yen gained momentum after Chinese equities sell-off. AUD/USD lost -0.16% on the day and trades at 0.8255 levels. While, the USD/JPY pair traded at 117.09 levels down -0.32% on the day, at time of writing.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 96.87 (Today’s high ) levels and above which it could extend gains to at 97.23 (Jan 6 High) levels. To the downside immediate support might be located at 95.76 (Jan 13 Low) levels below that at 95.25 (Dec 16 Low) levels.
Currently, the AUD/JPY pair traded at 96.17, down -0.53% on the day, having previously posted day’s low at 95.93 levels. The cross in AUD/JPY edged lower as the safe-haven bids for yen gained momentum after Chinese equities sell-off. AUD/USD lost -0.16% on the day and trades at 0.8255 levels. While, the USD/JPY pair traded at 117.09 levels down -0.32% on the day, at time of writing.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 96.87 (Today’s high ) levels and above which it could extend gains to at 97.23 (Jan 6 High) levels. To the downside immediate support might be located at 95.76 (Jan 13 Low) levels below that at 95.25 (Dec 16 Low) levels.