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17 Dec 2013
AUD/JPY: Below 92.30, eying December lows
FXstreet.com (Córdoba) - The AUD/JPY posted a moderate daily decline on Monday and closed at 92.15. Currently is trading around that price level, flat so far and moving in a small range. During the actual Asian session, the Reserve Bank of Australia will release the minutes of the last meeting and the assistant governor, Guy Debelle will deliver a speech.
On Monday's Asian session, following economic data from China the pair fell to 91.79 but rebounded quickly. During European and American hours rose to 92.30 but it was unable to break above and pulled back to the current trading area.
AUD/JPY technical perspective
The pair still looks bearish in a short-term perspective but has found support around the 91.80 area (December lows.). Below the mentioned level, the next support could be located at 91.40 and 90.70 (Oct 2 low). To the upside, immediate resistance lies at 92.35 and above at 92.70 and 92.90.
On Monday's Asian session, following economic data from China the pair fell to 91.79 but rebounded quickly. During European and American hours rose to 92.30 but it was unable to break above and pulled back to the current trading area.
AUD/JPY technical perspective
The pair still looks bearish in a short-term perspective but has found support around the 91.80 area (December lows.). Below the mentioned level, the next support could be located at 91.40 and 90.70 (Oct 2 low). To the upside, immediate resistance lies at 92.35 and above at 92.70 and 92.90.