14 Oct 2013
AUD/JPY recovering strength close to 92.80 consolidation
FXstreet.com (Chicago) - AUD/JPY started the week losing against the yen amid a session that promises to be slow on holiday’s celebrations throughout the world.
Holidays in Japan
Home loans results and investment lending for houses data are due later in Australia along CPIs in China. Japanese markets are closed today.
AUD/JPY Technical Levels
Price action reveals a pair that manages to bounce off from session lows and attempts recovering losses. Offered at 92.78, the pair oscillates between supports aligned at 92.19 (October 8th highs), 91.64 (September 13th lows) ahead of 90.94 (October 5th lows) and the resistances set at 93 (September 25th highs), 93.56 (September 22nd highs) followed by 94 (September 20th highs).
Weakened by poor Chinese data results – off expectations for exports/imports performance-, the pair strengthens against a yen that may not have bigger leads than the US political conflict and the potential unexpected developments. Breaking the upward trendline that started last October 4th, the pair aims higher.
Holidays in Japan
Home loans results and investment lending for houses data are due later in Australia along CPIs in China. Japanese markets are closed today.
AUD/JPY Technical Levels
Price action reveals a pair that manages to bounce off from session lows and attempts recovering losses. Offered at 92.78, the pair oscillates between supports aligned at 92.19 (October 8th highs), 91.64 (September 13th lows) ahead of 90.94 (October 5th lows) and the resistances set at 93 (September 25th highs), 93.56 (September 22nd highs) followed by 94 (September 20th highs).
Weakened by poor Chinese data results – off expectations for exports/imports performance-, the pair strengthens against a yen that may not have bigger leads than the US political conflict and the potential unexpected developments. Breaking the upward trendline that started last October 4th, the pair aims higher.