6 May 2014
AUD/JPY attempting the upside again
FXStreet (Guatemala) - AUD/JPY is trading at 94.80, up 0.12% on the day, having posted a daily high at 94.88 and low at 94.67.
AUD/JPY had been staging a series of higher lows of late and has attempted to reform the ascending pattern on the short term charts but is meeting resistance on a resilient yen. Strategists TD Securities noted that the spreading violence in Ukraine hasboosted the JPY, although markets will now be prepping up for the RBA. Analysts at RBS explained this outlook as solidly neutral. This leaves AUD/JPY spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish. RSI is in neutral territory at 63.95, up from it’s last hourly close at 58.12, while ADX is ranging above 30 at 20.24, down from 29.81 at the last hourly close.
AUD/JPY levels
Current price is 94.82, with resistance ahead at 94.82 (Daily Classic PP), 94.85 (Hourly 100 SMA), 94.88 (Hourly 200 SMA), 94.88 (Daily High) and 94.88 (Weekly Classic PP). Next support to the downside can be found at 94.73 (Daily Open), 94.72 (Monthly Low), 94.72 (Weekly Low), 94.67 (Daily Low) and 94.66 (Hourly 20 EMA).
AUD/JPY had been staging a series of higher lows of late and has attempted to reform the ascending pattern on the short term charts but is meeting resistance on a resilient yen. Strategists TD Securities noted that the spreading violence in Ukraine hasboosted the JPY, although markets will now be prepping up for the RBA. Analysts at RBS explained this outlook as solidly neutral. This leaves AUD/JPY spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish. RSI is in neutral territory at 63.95, up from it’s last hourly close at 58.12, while ADX is ranging above 30 at 20.24, down from 29.81 at the last hourly close.
AUD/JPY levels
Current price is 94.82, with resistance ahead at 94.82 (Daily Classic PP), 94.85 (Hourly 100 SMA), 94.88 (Hourly 200 SMA), 94.88 (Daily High) and 94.88 (Weekly Classic PP). Next support to the downside can be found at 94.73 (Daily Open), 94.72 (Monthly Low), 94.72 (Weekly Low), 94.67 (Daily Low) and 94.66 (Hourly 20 EMA).