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16 Sep 2015
AUD/JPY climbs to 2-week highs
FXStreet (Córdoba) - AUD/JPY is rising for the eighth day in a row, extending the recovery from 82.10. Recently reached 86.75, the highest level in two weeks.
AUD/JPY: Looking for more gains?
The pair holds a bullish tone ahead of the decision of the Federal Reserve on Thursday. While the Australian dollar is among the top performers of the day, the yen is the worst as stocks rise in Wall Street and commodity prices jump.
During the European session the pair rallied but it was capped by the 86.30/40 resistance area. It pulled back modestly and as AUD/USD resumed the upside, it broke above 86.40 and climbed to 86.75. Currently it trades near the highs, almost a hundred pips above yesterday closing price.
AUD/JPY technical levels
To the upside, immediate resistance lies at 86.745 (daily high), 86.95 and 87.30 (August 28 high). On the flip side, support now could be seen at 86.40, 86.10 (European session low and 85.70 daily low).
AUD/JPY: Looking for more gains?
The pair holds a bullish tone ahead of the decision of the Federal Reserve on Thursday. While the Australian dollar is among the top performers of the day, the yen is the worst as stocks rise in Wall Street and commodity prices jump.
During the European session the pair rallied but it was capped by the 86.30/40 resistance area. It pulled back modestly and as AUD/USD resumed the upside, it broke above 86.40 and climbed to 86.75. Currently it trades near the highs, almost a hundred pips above yesterday closing price.
AUD/JPY technical levels
To the upside, immediate resistance lies at 86.745 (daily high), 86.95 and 87.30 (August 28 high). On the flip side, support now could be seen at 86.40, 86.10 (European session low and 85.70 daily low).