7 Sep 2015
AUD/JPY has a bearish bias and eyes 81.00
FXStreet (Guatemala) - AUD/JPY has been better offered since the recovery to 87.32 from 81.98 last month and has made a significant loss of the 84 handle printing a low of 82.21 at the start of this week so far.
The Yen is back below the 120 handle vs the greenback and AUD/USD has fallen through the previously protected 0.7000 level that is pressuring the cross to test the lower end of the current handle. Global uncertainties and risk aversion favour a downside bias in the cross. This break to the downside and away from the hourly 50 SMA opens the pathway for a test into 81.00 territory on a week that holds the key unemployment and employment data from Australia.
AUD/JPY levels
The downside, 82.00 is an area of psychological support that if broken opens to 79.40 Oct 3rd 2012 lows. On a correction, the 50 SMA on the hourly sticks as 83.67 and the 200 SMA at 85.10 are key resistances.
The Yen is back below the 120 handle vs the greenback and AUD/USD has fallen through the previously protected 0.7000 level that is pressuring the cross to test the lower end of the current handle. Global uncertainties and risk aversion favour a downside bias in the cross. This break to the downside and away from the hourly 50 SMA opens the pathway for a test into 81.00 territory on a week that holds the key unemployment and employment data from Australia.
AUD/JPY levels
The downside, 82.00 is an area of psychological support that if broken opens to 79.40 Oct 3rd 2012 lows. On a correction, the 50 SMA on the hourly sticks as 83.67 and the 200 SMA at 85.10 are key resistances.