2 Jul 2013
AUD/JPY finds sellers above 92.00
FXstreet.com (Barcelona) - AUD/JPY is last trading at 91.95, off recent session and daily/weekly highs at 92.20/4, printed on the back of combined Yen weakness and Aussie strength. The cross is up +1.54% so far for the week, while +3.2% higher year to date, although -5.81% in the negative in last 3 months.
All eyes on the RBA
More than 6 hours away from RBA interest rate statement at 04:30 GMT, “AUD/JPY looks to be forming a rounding base and with major technical support holding at 89.50,” said FXWW founder Sean Lee, adding: “the immediate outlook here is starting to look bullish.”
Key technical levels
Immediate resistance to the upside for AUD/JPY shows at mentioned fresh 2-week highs 92.24, followed by June 12/14 highs at 92.52/62, and June 10 highs at 93.81. To the downside, closest support lies at Friday's highs 91.69, followed by June 17 highs at 91.59, and June 19 highs at 91.31.
All eyes on the RBA
More than 6 hours away from RBA interest rate statement at 04:30 GMT, “AUD/JPY looks to be forming a rounding base and with major technical support holding at 89.50,” said FXWW founder Sean Lee, adding: “the immediate outlook here is starting to look bullish.”
Key technical levels
Immediate resistance to the upside for AUD/JPY shows at mentioned fresh 2-week highs 92.24, followed by June 12/14 highs at 92.52/62, and June 10 highs at 93.81. To the downside, closest support lies at Friday's highs 91.69, followed by June 17 highs at 91.59, and June 19 highs at 91.31.