27 Sep 2013
AUD/JPY immutable to Japanese data; holds 92.60 position
FXstreet.com (Chicago) - AUD/JPY continued trading around the 92.60 zone despite the slightly better Japanese National CPI’s released a few minutes ago. After climbing above the 92.70 zone, the pair struggles to jump back above it.
Japanese facts
At -0.1%, the National CPI ex food and energy matched expectations. The national CPI for August was 0.9% and the National CPI ex-fresh food was 0.8% vs. expected 0.7%. In Japan, the Nikkei trades 1.22% stronger.
AUD/JPY Technical Levels
Price action reveals a primary trend pointing up with a secondary trend pointing down and a pair that attempts to consolidate above the 92.70 zone. After capping at 92.80 highs, the pair fell to 92.33 lows and extends the short-term bullish channel. Offered at 92.70, the pair navigates between supports aligned at 92.56 (July 18th highs), 92 (September 6th highs) ahead of 91.65 (September 15th lows) and the resistances set at 92.95 (September 16th highs), 93.58 (September 11th highs) followed by 94 (September 18th highs). Reported as strongly bullish by the FXstreet.com trend index on 1HR timeframe, the pair flows above the EMA20.
Japanese facts
At -0.1%, the National CPI ex food and energy matched expectations. The national CPI for August was 0.9% and the National CPI ex-fresh food was 0.8% vs. expected 0.7%. In Japan, the Nikkei trades 1.22% stronger.
AUD/JPY Technical Levels
Price action reveals a primary trend pointing up with a secondary trend pointing down and a pair that attempts to consolidate above the 92.70 zone. After capping at 92.80 highs, the pair fell to 92.33 lows and extends the short-term bullish channel. Offered at 92.70, the pair navigates between supports aligned at 92.56 (July 18th highs), 92 (September 6th highs) ahead of 91.65 (September 15th lows) and the resistances set at 92.95 (September 16th highs), 93.58 (September 11th highs) followed by 94 (September 18th highs). Reported as strongly bullish by the FXstreet.com trend index on 1HR timeframe, the pair flows above the EMA20.