AUD/JPY operating at session highs

FXstreet.com (New York) - The AUD/JPY technical cross is presently trading at session highs overnight, experiencing a bout of positivity to start off the trading week.

AUD/JPY securing sizable advances

At the time of writing, the AUD/JPY is trading at 90.76, up a robust +0.30%. The Mataf.net analysts calculate resistances at 91.67, then 92.05, and 92.45. Alternatively, a movement lower will open up supports to 90.89, and 90.50, and 90.11.

AUD/JPY looking to make a bounce

According to Anthony Samaha at ForexSurvivor, “The AUD/JPY has retraced 50% Fib line of a rally that started June 2012 – June 2013. In the short-term momentum is bearish however risking a bounce due to its extreme oversold zone.”

ECB looking carefully at forward guidance

ECB’s executive board member Benoît Cœuré said over the weekend, on an interview with the Times, that the central bank is looking carefully at forward guidance, although is still too premature to decide on its application.
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Flash: NZD/USD upside risks surface – BNZ

“We revised down our NZD/USD forecasts on Friday, but identified upside risks from speculative positioning and supportive domestic fundamentals.” notes the BNZ Research Team.
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