13 Jan 2015
AUD/JPY hits fresh daily highs
FXStreet (Mumbai) - The Australian dollar reversed previous losses and turned in green versus the Japanese yen, as market shrugged off Japanese positive current account data as the Aussie bulls dominate.
Currently, the AUD/JPY pair posted fresh day’s high at 96.64, up 0.08% on the day. The cross in AUD/JPY advanced as the Aussie stormed its way higher versus the greenback largely on technically buying. However, the gains in the AUD/JPY cross remains capped also as yen rises against the US dollar. The USD/JPY pair trades at 117.95 levels down -0.35% on the day. While, AUD/USD traded much higher at 0.8192, up 0.42% on the day, at time of writing.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 97 levels and above which it could extend gains to at 97.75 (Jan 9 High) levels. To the downside immediate support might be located at 96.49 (Jan 5 Low) levels below that at 96.23 (Jan 8 Low) levels.
Currently, the AUD/JPY pair posted fresh day’s high at 96.64, up 0.08% on the day. The cross in AUD/JPY advanced as the Aussie stormed its way higher versus the greenback largely on technically buying. However, the gains in the AUD/JPY cross remains capped also as yen rises against the US dollar. The USD/JPY pair trades at 117.95 levels down -0.35% on the day. While, AUD/USD traded much higher at 0.8192, up 0.42% on the day, at time of writing.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 97 levels and above which it could extend gains to at 97.75 (Jan 9 High) levels. To the downside immediate support might be located at 96.49 (Jan 5 Low) levels below that at 96.23 (Jan 8 Low) levels.