9 Jul 2013
AUD/JPY still limited below 92.50
FXstreet.com (Barcelona) - The AUD/JPY foreign exchange cross rate is last trading at 92.16, off recent session highs at 92.35, ahead of key risk events for the Asian session today in the form of Chinese CPI and Australian business confidence both at 01:30 GMT.
AUD/JPY important resistance at 92.50
The cross is up +0.49% for the week so far, mostly on the back of recent Aussie strength, with an “important technical resistance at 92.50,” said FXWW founder Sean Lee. It has been already near 1 month below this level since AUD/JPY started the correction from April multi-year highs above 105.
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at mentioned recent session and weekly highs 92.35, followed by July 03 highs at 92.44, and June 14 highs at 92.64. To the downside, closest support lies at Monday's Asian session highs 91.95, followed by Thursday's highs at 91.87, and yesterday's weekly highs at 91.37.
AUD/JPY important resistance at 92.50
The cross is up +0.49% for the week so far, mostly on the back of recent Aussie strength, with an “important technical resistance at 92.50,” said FXWW founder Sean Lee. It has been already near 1 month below this level since AUD/JPY started the correction from April multi-year highs above 105.
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at mentioned recent session and weekly highs 92.35, followed by July 03 highs at 92.44, and June 14 highs at 92.64. To the downside, closest support lies at Monday's Asian session highs 91.95, followed by Thursday's highs at 91.87, and yesterday's weekly highs at 91.37.