13 Feb 2015
AUD/JPY capped by 20-DMA
FXStreet (Mumbai) - AUD/JPY traded slightly lower in the European session, extending losses for the second straight session largely on yen strength.
Regains 92 levels
Currently, the AUD/JPY trades lower by -0.12% on the day, at 92.03 levels, having previously posted day’s lows at 91.85 and day’s high at 92.38 levels. AUD/JPY extended losses after the yen resumed its uptrend versus the US dollar on soft US economic releases in the US last session. Moreover, the upside in the pair seems limited as the Aussie remains underpinned ahead of US data due for release later in the session.
At the moment, AUD/USD traded flat at 0.7741 levels, while USD/JPY declined -0.20% at 118.87 levels.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 92.44 (20-DMA) levels and above which it could extend gains to at 93.09 levels. To the downside immediate support might be located at 91.26 levels below that at 90.82 levels.
Regains 92 levels
Currently, the AUD/JPY trades lower by -0.12% on the day, at 92.03 levels, having previously posted day’s lows at 91.85 and day’s high at 92.38 levels. AUD/JPY extended losses after the yen resumed its uptrend versus the US dollar on soft US economic releases in the US last session. Moreover, the upside in the pair seems limited as the Aussie remains underpinned ahead of US data due for release later in the session.
At the moment, AUD/USD traded flat at 0.7741 levels, while USD/JPY declined -0.20% at 118.87 levels.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 92.44 (20-DMA) levels and above which it could extend gains to at 93.09 levels. To the downside immediate support might be located at 91.26 levels below that at 90.82 levels.