25 Jul 2013
AUD/JPY rebuffed by 92.00 level
FXstreet.com (New York) - The AUD/JPY technical cross has been unable to retake the 92.00 level Thursday morning during Asian trading, presently navigating the threshold between positive and negative territory.
AUD/JPY event risk
Yesterday in Australia, the Q2 CPI print was mixed leaving the market none the wiser as to whether the RBA will cut at the August meeting. Ultimately, investors speculation will run rampant ahead of the meeting leaving AUD crosses vulnerable to whatever direction the central bank decides to take.
Later today at 23:50 GMT, Japan is slated to release several economic statistics, none of which are particularly Earth shattering.
AUD/JPY technical bias
At the time of writing, the AUD/JPY is trading positively at +0.01% so far, now operating at 91.89. Technically speaking, the AUD/JPY is projected to encounter calculated support at 91.71 (July 24 low), ahead of 91.60 (July 18 low), and 91.46 (July 17 low). On the ascension, resistances lie ahead for the cross at 92.04 (55-day MA), onto 92.24 (200-day SMA), and 92.37 (July 22 high).
AUD/JPY event risk
Yesterday in Australia, the Q2 CPI print was mixed leaving the market none the wiser as to whether the RBA will cut at the August meeting. Ultimately, investors speculation will run rampant ahead of the meeting leaving AUD crosses vulnerable to whatever direction the central bank decides to take.
Later today at 23:50 GMT, Japan is slated to release several economic statistics, none of which are particularly Earth shattering.
AUD/JPY technical bias
At the time of writing, the AUD/JPY is trading positively at +0.01% so far, now operating at 91.89. Technically speaking, the AUD/JPY is projected to encounter calculated support at 91.71 (July 24 low), ahead of 91.60 (July 18 low), and 91.46 (July 17 low). On the ascension, resistances lie ahead for the cross at 92.04 (55-day MA), onto 92.24 (200-day SMA), and 92.37 (July 22 high).