31 Oct 2013
AUD/JPY…is it a beat?
FXstreet.com (Chicago) - AUD/JPY managed to break through resistance at 93.22 after struggling to position itself above it shortly after Tokyo’s opening ahead of Australian data.
Market participants digested decreasing foreign investment in bonds and stocks in Japan along improved manufacturing results before housing market data in Australia.
AUD/JPY Technical Levels
Price action reveals the pair loses gained territory throughout Wednesday after breaking below the previously broken resistance. Offered at 93.22, the pair oscillates between the supports aligned at 92.91 (October 14th lows), 92.49 (October 12th lows) ahead of 92.16 (October 8th highs) and the resistances set at 93.22 (October 15th lows), 93.65 (October 16th lows) followed by 94 (October 28th highs).
Market participants digested decreasing foreign investment in bonds and stocks in Japan along improved manufacturing results before housing market data in Australia.
AUD/JPY Technical Levels
Price action reveals the pair loses gained territory throughout Wednesday after breaking below the previously broken resistance. Offered at 93.22, the pair oscillates between the supports aligned at 92.91 (October 14th lows), 92.49 (October 12th lows) ahead of 92.16 (October 8th highs) and the resistances set at 93.22 (October 15th lows), 93.65 (October 16th lows) followed by 94 (October 28th highs).