17 Jun 2014
AUD/JPY drops to test daily lows on RBA minutes
FXStreet (Guatemala) - Currently, AUD/JPY is trading at 95.57, down -0.17% on the day, having posted a daily high at 95.80 and low at 95.51.
The RBA released their minutes which has weakened the AUD across the board on comments regarding the strength of the AUD being historically high given the fall in commodity prices. They added that low rates would be appropriate for some time. AUD/JPY has moved to test the support at yesterdays low 95.47 ahead of the Daily 20 SMA at 95.33. Meanwhile, Spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is strongly bearish.
AUD/JPY Levels
Spot is presently trading at 95.57, and next resistance can be seen at 95.70 (Hourly 20 EMA), 95.71 (Hourly 200 SMA), 95.73 (Daily Classic PP), 95.74 (Daily Open) and 95.77 (Weekly Low). Support below can be found at 95.51 (Daily Low), 95.50 (Weekly Classic S1), 95.49 (Daily Classic S1), 95.47 (Yesterday's Low) and 95.33 (Daily 20 SMA).
The RBA released their minutes which has weakened the AUD across the board on comments regarding the strength of the AUD being historically high given the fall in commodity prices. They added that low rates would be appropriate for some time. AUD/JPY has moved to test the support at yesterdays low 95.47 ahead of the Daily 20 SMA at 95.33. Meanwhile, Spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is strongly bearish.
AUD/JPY Levels
Spot is presently trading at 95.57, and next resistance can be seen at 95.70 (Hourly 20 EMA), 95.71 (Hourly 200 SMA), 95.73 (Daily Classic PP), 95.74 (Daily Open) and 95.77 (Weekly Low). Support below can be found at 95.51 (Daily Low), 95.50 (Weekly Classic S1), 95.49 (Daily Classic S1), 95.47 (Yesterday's Low) and 95.33 (Daily 20 SMA).