19 Nov 2013
AUD/JPY can’t pass through 93.70
FXstreet.com (Chicago) - AUD/JPY fell to 93.42 session lows shortly after the release of the RBA minutes that indicated the possibility of cutting rates was present for the banker’s perspective.
Market participants expect leading economic index and coincident index results in Japan along with the FDI facts in China for the month of October with potential repercussions on the pair’s price action.
AUD/JPY Technical Levels
Technically speaking, the pair is offered at 93.62 and oscillates between the supports aligned at 93.34 (November 6th lows), 93 (November 12th highs) ahead of 92.71 (November 14th lows) and the resistances set at 93.85 (November 5th highs), 94.16 (November 6th highs) followed by 94.48 (October 16th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bearish and navigates below the EMA20.
Market participants expect leading economic index and coincident index results in Japan along with the FDI facts in China for the month of October with potential repercussions on the pair’s price action.
AUD/JPY Technical Levels
Technically speaking, the pair is offered at 93.62 and oscillates between the supports aligned at 93.34 (November 6th lows), 93 (November 12th highs) ahead of 92.71 (November 14th lows) and the resistances set at 93.85 (November 5th highs), 94.16 (November 6th highs) followed by 94.48 (October 16th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bearish and navigates below the EMA20.