2 Jun 2014
AUD/JPY posting fresh recent highs
FXStreet (Guatemala) - AUD/JPY is trading at 94.79, up 0.03% on the day, having posted a daily high at 94.91 and low at 94.64.
AUD/JPY has posted a new recent high despite the recent steep fall in the benchmark iron ore price but the better than expected reading on the official China manufacturing PMI is helping to “stabilize sentiment”, as explained by Sean Callow, analyst at Westpac Banking Corporation ABN. From the calendar today we have the Apr building approvals left for Australia.
AUD/JPY Levels
With spot trading at 94.79, we can see next resistance ahead at 94.85 (Daily Open), 94.85 (Yesterday's High), 94.91 (Daily High), 94.93 (Daily Classic R1) and 95.10 (Daily Classic R2). Support below can be found at 94.76 (Weekly High), 94.68 (Daily Classic PP), 94.66 (Hourly 20 EMA), 94.64 (Daily Low) and 94.62 (Daily 20 SMA).
AUD/JPY chart formations
Looking to candlestick patterns, we can see a Piercing Line formation on the 1-hour chart.
AUD/JPY has posted a new recent high despite the recent steep fall in the benchmark iron ore price but the better than expected reading on the official China manufacturing PMI is helping to “stabilize sentiment”, as explained by Sean Callow, analyst at Westpac Banking Corporation ABN. From the calendar today we have the Apr building approvals left for Australia.
AUD/JPY Levels
With spot trading at 94.79, we can see next resistance ahead at 94.85 (Daily Open), 94.85 (Yesterday's High), 94.91 (Daily High), 94.93 (Daily Classic R1) and 95.10 (Daily Classic R2). Support below can be found at 94.76 (Weekly High), 94.68 (Daily Classic PP), 94.66 (Hourly 20 EMA), 94.64 (Daily Low) and 94.62 (Daily 20 SMA).
AUD/JPY chart formations
Looking to candlestick patterns, we can see a Piercing Line formation on the 1-hour chart.