16 Jun 2014
AUD/JPY: Heavy selling circa 96.00 still noted
FXStreet (Bali) - AUD/JPY keeps failing at the 96.00 level, trading now at 95.73, down -0.21% on the day, having posted a daily high at 95.97 and low at 95.70.
How strong has the move been?
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. At the time of writing, RSI is neutral at 27.56, down from 40.28 at the last hour close, while ADX is ranging at 24.14, up from 12.82 previous. Meanwhile, daily RSI is in neutral territory at 63.73. On the hourly AUD/JPY chart, the 200 SMA is climbing and currently at 95.86, up from the previous hour close at 95.63.
What price levels and patterns have to be considered?
With spot trading at 95.74, we can see next resistance ahead at 95.77 (Weekly Low), 95.84 (Weekly Classic PP), 95.85 (Hourly 20 EMA), 95.85 (Hourly 100 SMA) and 95.89 (Daily Open). Support below can be found at 95.70 (Daily Low), 95.63 (Hourly 200 SMA), 95.63 (Daily Classic S1), 95.59 Yesterday's Low) and 95.50(Weekly Classic S1).
How strong has the move been?
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. At the time of writing, RSI is neutral at 27.56, down from 40.28 at the last hour close, while ADX is ranging at 24.14, up from 12.82 previous. Meanwhile, daily RSI is in neutral territory at 63.73. On the hourly AUD/JPY chart, the 200 SMA is climbing and currently at 95.86, up from the previous hour close at 95.63.
What price levels and patterns have to be considered?
With spot trading at 95.74, we can see next resistance ahead at 95.77 (Weekly Low), 95.84 (Weekly Classic PP), 95.85 (Hourly 20 EMA), 95.85 (Hourly 100 SMA) and 95.89 (Daily Open). Support below can be found at 95.70 (Daily Low), 95.63 (Hourly 200 SMA), 95.63 (Daily Classic S1), 95.59 Yesterday's Low) and 95.50(Weekly Classic S1).