18 Jun 2014
AUD/JPY keeps rate below 95.50 resistance
FXStreet (Bali) - AUD/JPY is trading at 95.34, down -0.02% on the day, having posted a daily high at 95.46 and low at 95.32.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bearish. At the time of writing, RSI is neutral at 44.65, up from 44.33 at the last hour close, while ADX is ranging at 18.89, down from 19.80 previous. Meanwhile, daily RSI is in neutral territory at 59.67. On the hourly AUD/JPY chart, the 200 SMA is declining and currently at 95.57, down from the previous hour close at 95.74. On average, the exponential closing price for the past 20 days is 95.33, with the trend indicating a continuation higher ahead.
Technically, the break of support at 95.50, exposes the pair to further downside towards 95.15 (intraday reference) ahead of round number 95.00 (daily R1 and weekly S2) followed by 94.50. For bulls to regain the technical advantage, a re-take of 95.50 is needed now, with 95.75/80 the next challenge ahead of sticky resistance at 96.00/96.10.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bearish. At the time of writing, RSI is neutral at 44.65, up from 44.33 at the last hour close, while ADX is ranging at 18.89, down from 19.80 previous. Meanwhile, daily RSI is in neutral territory at 59.67. On the hourly AUD/JPY chart, the 200 SMA is declining and currently at 95.57, down from the previous hour close at 95.74. On average, the exponential closing price for the past 20 days is 95.33, with the trend indicating a continuation higher ahead.
Technically, the break of support at 95.50, exposes the pair to further downside towards 95.15 (intraday reference) ahead of round number 95.00 (daily R1 and weekly S2) followed by 94.50. For bulls to regain the technical advantage, a re-take of 95.50 is needed now, with 95.75/80 the next challenge ahead of sticky resistance at 96.00/96.10.