15 Nov 2013
AUD/JPY reaches 93.38, weekly highs
FXstreet.com (Chicago) - AUD/JPY extends choppy trading aiming to reach the 93.40 zone with bearish pressure and no data due in Japan or Australia.
AUD/JPY Technical Levels
Technically speaking, the pair extends a bullish channel retaking the 93.30 zone and consolidating a rally after sideways price action the past two weeks. Offered at 93.23, the pair is offered at 93.29 and oscillates between the supports aligned at 92.71 (November 2nd lows), 92.33 (October 1st highs) followed by 91.59 (October 9th lows) and the resistances set at 93.86 (November 4th highs), 94.34 (October 24th highs) ahead of 95 (October 21st highs). According to the FXstreet.com, the pair is slightly bullish and navigates above the EMA20.
AUD/JPY Technical Levels
Technically speaking, the pair extends a bullish channel retaking the 93.30 zone and consolidating a rally after sideways price action the past two weeks. Offered at 93.23, the pair is offered at 93.29 and oscillates between the supports aligned at 92.71 (November 2nd lows), 92.33 (October 1st highs) followed by 91.59 (October 9th lows) and the resistances set at 93.86 (November 4th highs), 94.34 (October 24th highs) ahead of 95 (October 21st highs). According to the FXstreet.com, the pair is slightly bullish and navigates above the EMA20.