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9 Oct 2013
AUD/JPY rises to 91.80 peaks; firmed above the 91.70 front
FXstreet.com (Chicago) - AUD/JPY continues consolidating above the 91.70 zone after printing highs around the 91.80 session highs.
With a Nikkei 225 up 0.44% and a weakened yen on the dollar’s strengthening, market participants favor the Aussie despite weaker than expected earlier Australian results.
AUD/JPY Technical Levels
Price action reveals higher highs and lows supported by short and long-term trends. The pair registers 91.80 session highs and is offered at 91.72 oscillating between supports aligned at 91.44 (October 4th lows), 91.00 (October 7th lows) ahead of 90.73 (September 8th lows) and the resistances set at 91.86 (October 3rd highs), 92.22 (October 8th highs) followed by 92.60 (September 25th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.
With a Nikkei 225 up 0.44% and a weakened yen on the dollar’s strengthening, market participants favor the Aussie despite weaker than expected earlier Australian results.
AUD/JPY Technical Levels
Price action reveals higher highs and lows supported by short and long-term trends. The pair registers 91.80 session highs and is offered at 91.72 oscillating between supports aligned at 91.44 (October 4th lows), 91.00 (October 7th lows) ahead of 90.73 (September 8th lows) and the resistances set at 91.86 (October 3rd highs), 92.22 (October 8th highs) followed by 92.60 (September 25th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.