AUD/JPY is consolidating the downside
FXStreet (Guatemala) – AUD/JPY is trading at 95.54, up 0.03% on the day, having posted a daily high at 95.60 and low at 95.49.
Bar a blip of a surge from 95.40 through to challenge 95.70, AUD/JPY has been in consolidative mode post the dire performance of the Aussie overnight based upon Stevens outlook for the economy, rates and a currency that he say’s was overvalued by more than three big figures on the greenback. We now move towards further speeches that will this time come from Luci Ellis, Head of the Financial Stability Department at the Reserve Bank of Australia (RBA), to the 2014 Economic and Social Outlook Conference Hosted by the Melbourne Institute and The Australian, Melbourne.
Current price is 95.55, with resistance ahead at 95.60 (Daily High), 95.61 (Hourly 20 EMA), 95.70 (Daily 20 SMA), 95.74 (Hourly 200 SMA) and 95.76 (Weekly Classic PP). Next support to the downside can be found at 95.54 (Daily Classic S2), 95.50 (Weekly Low), 95.52 (Daily Open), 95.49 (Daily Low) and 95.31 (Yesterday’s Low).
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