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Trading news
23 Apr 2015
AUD/JPY finds resistance at 93.20
FXStreet (Córdoba) - AUD/JPY is flat so far on Thursday after being unable to break above 93.20, area that also capped the upside yesterday.
AUD/JPY boosted by the Aussie
The Australian dollar is the best performer among commodity currencies today and rose particularly versus the kiwi. Against the yen, bottomed during the European session at 92.55 but then bounced to the upside and peaked an hour ago at 93.20. Currently trades around 92.90/95, the same level it closed yesterday.
To the upside the key short term resistance lies at 93.20 and above here it could open the door for further gains, toward 93.55 (March 11 high) and 93.85. On the opposite direction support might lie at 92.50, 92.10 and 91.75 (Apr 21 low).
AUD/JPY boosted by the Aussie
The Australian dollar is the best performer among commodity currencies today and rose particularly versus the kiwi. Against the yen, bottomed during the European session at 92.55 but then bounced to the upside and peaked an hour ago at 93.20. Currently trades around 92.90/95, the same level it closed yesterday.
To the upside the key short term resistance lies at 93.20 and above here it could open the door for further gains, toward 93.55 (March 11 high) and 93.85. On the opposite direction support might lie at 92.50, 92.10 and 91.75 (Apr 21 low).