18 Dec 2014
AUD/JPY retreats from 97.60
FXStreet (Córdoba) - AUD/JPY is rising on Thursday for the second day in a row, extending the recovery from 95.20 (Dec 17 low). The pair peaked at 97.60 reaching the highest level since Monday, but then turned to the downside.
The rally was capped by 97.60 and as the USD/JPY retreated from 119.30, the aussie lost momentum and fell back below 97.00.
At the moment of writing AUD/JPY was trading at 96.80, still on positive territory for the day, but almost a hundred pips below daily highs.
AUD/JPY technical levels
To the upside resistance levels might lie at 97.20, 97.60 (daily high) and 98.00 (Dec 15 high). On the opposite direction, immediate support could be located at 96.60 (Dec 15 low), 96.20 (daily low) followed by 95.95.
The rally was capped by 97.60 and as the USD/JPY retreated from 119.30, the aussie lost momentum and fell back below 97.00.
At the moment of writing AUD/JPY was trading at 96.80, still on positive territory for the day, but almost a hundred pips below daily highs.
AUD/JPY technical levels
To the upside resistance levels might lie at 97.20, 97.60 (daily high) and 98.00 (Dec 15 high). On the opposite direction, immediate support could be located at 96.60 (Dec 15 low), 96.20 (daily low) followed by 95.95.