17 Dec 2014
AUD/JPY finds resistance at 96.20; back below 96.00
FXStreet (San Francisco) - The Australian dollar was unable to maintain prices above the 96.00 level against the Japanese Yen as the pair found selling interest at 96.20 that sent it back to 95.90.
Ealier in the day, the AUD/JPY bounced off 95.50 following a good Westpac leading index in Australia. However the pair got a rejection at the mentioned 96.20. Currently, AUD/JPY is trading at 95.93, up 0.11% on the day, having posted a daily high at 96.25 and low at 95.53.
AUD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
AUD/JPY levels
If the pair consolidates levels below 96.00, it will find supports at 95.50 and 95.30. To the upside, resistances are at 96.20, 96.70 and 97.00.
Ealier in the day, the AUD/JPY bounced off 95.50 following a good Westpac leading index in Australia. However the pair got a rejection at the mentioned 96.20. Currently, AUD/JPY is trading at 95.93, up 0.11% on the day, having posted a daily high at 96.25 and low at 95.53.
AUD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
AUD/JPY levels
If the pair consolidates levels below 96.00, it will find supports at 95.50 and 95.30. To the upside, resistances are at 96.20, 96.70 and 97.00.