25 Jun 2014
AUD/JPY testing support in oversold territory
FXStreet (Guatemala) - AUD/JPY is trading at 95.50, down -0.02% on the day, having posted a daily high at 95.57 and low at 95.48.
On a quiet docket for both countries on the calendar, AUD/JPY spot is in oversold territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish given the break of 95.80 support and momentum to the midway point, testing last weeks channel resistance. The week ahead brings little for the Aussie but we will be inundated with Japanese data from CPI, jobs data and retails trade numbers. RBA Dep Gov Lowe will be speaking later in the week, although on a panel for G20 so it is unlikely that he will cover monetary policy or their economic outlook.
AUD/JPY Levels
Current price is 95.51, with resistance ahead at 95.52 (Daily 20 SMA), 95.53 (Daily Open), 95.57 (Daily High), 95.67 (Weekly Classic PP) and 95.69 (Daily Classic S1). Next support to the downside can be found at 95.49 (Yesterday's Low), 95.48 (Daily Low), 95.40 (Weekly Low), 95.35 (Weekly Classic S1) and 95.34 (Daily Classic S2).
On a quiet docket for both countries on the calendar, AUD/JPY spot is in oversold territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish given the break of 95.80 support and momentum to the midway point, testing last weeks channel resistance. The week ahead brings little for the Aussie but we will be inundated with Japanese data from CPI, jobs data and retails trade numbers. RBA Dep Gov Lowe will be speaking later in the week, although on a panel for G20 so it is unlikely that he will cover monetary policy or their economic outlook.
AUD/JPY Levels
Current price is 95.51, with resistance ahead at 95.52 (Daily 20 SMA), 95.53 (Daily Open), 95.57 (Daily High), 95.67 (Weekly Classic PP) and 95.69 (Daily Classic S1). Next support to the downside can be found at 95.49 (Yesterday's Low), 95.48 (Daily Low), 95.40 (Weekly Low), 95.35 (Weekly Classic S1) and 95.34 (Daily Classic S2).