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2 Oct 2013
AUD/JPY touches support earlier Wednesday and touches resistance late in the session
FXstreet.com (Barcelona) - The AUD/JPY finished off a volatile day where it bounced sharply off of 90.79 support and slammed into a short-term ceiling at 91.44.
AUD/JPY traders to get data from Australia and Japan in a few hours
The AUD/JPY cross will likely continue to serve as a great proxy for the global appetite for risk on Thursday. However, AUD/JPY traders will get to trade off Australian Performance of Services data and foreign investment data out of Japan.
Technical outlook for AUD/JPY
Technicians note that AUD/JPY bounced nicely off of support at 90.73 since touching it early Monday. However, they point out that the cross is running right into overhead resistance at 91.44 while sporting a short-term overbought reading on the Williams %R indicator.
AUD/JPY traders to get data from Australia and Japan in a few hours
The AUD/JPY cross will likely continue to serve as a great proxy for the global appetite for risk on Thursday. However, AUD/JPY traders will get to trade off Australian Performance of Services data and foreign investment data out of Japan.
Technical outlook for AUD/JPY
Technicians note that AUD/JPY bounced nicely off of support at 90.73 since touching it early Monday. However, they point out that the cross is running right into overhead resistance at 91.44 while sporting a short-term overbought reading on the Williams %R indicator.