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2 Mar 2015
AUD/JPY wavers around hourly 200-SMA
FXStreet (Mumbai) - AUD/JPY extended its downtrend and fell to session lows in the Asian session, mainly driven by the Aussie weakness on below estimates Aus manufacturing data.
AUD/JPY holding near lows above 93 handle
Currently, the AUD/JPY edged lower by -0.35% at session lows of 93.07 levels, slipping from session highs at 93.49 scored earlier in the session. AUD/JPY pared previous session gains and dropped to just ahead of 93 handle after dismal Oz manufacturing data signalled a deepening contraction in Australia's factory sector, dragged the Aussie lower. On the JPY side of the story, the yen was sold-off in the Asian morning as the USD bulls continue to remains boosted across the board, adding to further losses in the cross.
Meanwhile, an overall generalized intraday downside bias persists as long as the cross breaches 93.50 levels ahead of RBA’s monetary policy statement due tomorrow.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 93.33 (5-DMA) levels and above which it could extend gains to at 93.90 (50-DMA) levels. To the downside immediate support might be located at 93 levels below that at 92.87 (20-DMA) levels.
AUD/JPY holding near lows above 93 handle
Currently, the AUD/JPY edged lower by -0.35% at session lows of 93.07 levels, slipping from session highs at 93.49 scored earlier in the session. AUD/JPY pared previous session gains and dropped to just ahead of 93 handle after dismal Oz manufacturing data signalled a deepening contraction in Australia's factory sector, dragged the Aussie lower. On the JPY side of the story, the yen was sold-off in the Asian morning as the USD bulls continue to remains boosted across the board, adding to further losses in the cross.
Meanwhile, an overall generalized intraday downside bias persists as long as the cross breaches 93.50 levels ahead of RBA’s monetary policy statement due tomorrow.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 93.33 (5-DMA) levels and above which it could extend gains to at 93.90 (50-DMA) levels. To the downside immediate support might be located at 93 levels below that at 92.87 (20-DMA) levels.