16 Jun 2015
AUD/JPY finds resistance at 96.00 and retreats
FXStreet (Córdoba) - AUD/JPY rose to test 96.00 during the Asian session after the release of RBA minutes, that showed no particular guidance, but price failed to hold and pulled back. The pair is about to end the day modestly lower but still near 96.00 and far from last week lows.
AUD/JPY with a bullish tone
For the fifth day in a row, the pair reached a lower high and continues to hold above important short term support levels. Today bottomed on European hours at 95.40, then bounced and dropped again during the American session toward 95.50, that has become an important intraday support.
To the upside, the area slightly below 96.00 (June 15, 16 high) continues to cap the upside. A break higher could trigger a bullish run toward 96.20/30 initially, and then 96.55.
AUD/JPY with a bullish tone
For the fifth day in a row, the pair reached a lower high and continues to hold above important short term support levels. Today bottomed on European hours at 95.40, then bounced and dropped again during the American session toward 95.50, that has become an important intraday support.
To the upside, the area slightly below 96.00 (June 15, 16 high) continues to cap the upside. A break higher could trigger a bullish run toward 96.20/30 initially, and then 96.55.