Back
7 Oct 2013
AUD/JPY plunging; hits 91.62 session lows
FXstreet.com (Chicago) - AUD/JPY fell on yen’s strengthening as market participants weigh the US debt ceiling and hard deadline amid a political situation that paralyzes the country.
The Nikkei is up 0.01%, retracing from 0.06% gains. In Australia, better than expected results confirm rumors of an improving situation in the country after the RBA decided to maintain interest rates at 2.5% last week. Ahead of the BoJ monthly economic survey results and the coincident and leading economic indexes, the pair accumulates 0.31% daily losses so far.
AUD/JPY Technical Levels
Technically speaking, the pair is offered at 91.65 and oscillates between supports aligned at 91.44 (October 4th lows), 91 (September 27th highs) followed by 90.73 (September 29th lows) and the resistances set at 91.86 (October 3rd lows), 92.22 (October 1st highs) ahead of 92.63 (September 25th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe above the EMA20.
The Nikkei is up 0.01%, retracing from 0.06% gains. In Australia, better than expected results confirm rumors of an improving situation in the country after the RBA decided to maintain interest rates at 2.5% last week. Ahead of the BoJ monthly economic survey results and the coincident and leading economic indexes, the pair accumulates 0.31% daily losses so far.
AUD/JPY Technical Levels
Technically speaking, the pair is offered at 91.65 and oscillates between supports aligned at 91.44 (October 4th lows), 91 (September 27th highs) followed by 90.73 (September 29th lows) and the resistances set at 91.86 (October 3rd lows), 92.22 (October 1st highs) ahead of 92.63 (September 25th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe above the EMA20.