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17 Apr 2015
AUD/JPY again capped by 93.00
FXStreet (Córdoba) - The AUD/JPY is about to end the week marginally higher after moving again in a range. The pair continues to move sideways since the beginning of the month with support around 90.40 and resistance bleow 93.00.
The Australian dollar dropped at the beginning of week, when the US dollar was rising in the market, but then found support and jumped to test 93.00 on Thursday after the Australian jobs report.
Once again, like it happen last week, the pair failed to break above 93.00 and pulled back. Currently the pair is hovering around 92.40, 50 pips lower for the day, but in the same area it was trading a week ago.
AUD/JPY technical levels
To the upside, the key resistance level is 93.00, followed by 93.55/60 and 93.85. On the downside, before 90.40 support levels might lie at 91.65, 91.15/20 and 90.65.
The Australian dollar dropped at the beginning of week, when the US dollar was rising in the market, but then found support and jumped to test 93.00 on Thursday after the Australian jobs report.
Once again, like it happen last week, the pair failed to break above 93.00 and pulled back. Currently the pair is hovering around 92.40, 50 pips lower for the day, but in the same area it was trading a week ago.
AUD/JPY technical levels
To the upside, the key resistance level is 93.00, followed by 93.55/60 and 93.85. On the downside, before 90.40 support levels might lie at 91.65, 91.15/20 and 90.65.