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31 Oct 2013
AUD/JPY gradually ascending; back above 93
FXstreet.com (Chicago) - AUD/JPY was able to re-climb above the 93 front after ascending gradually after the closing of the American trading session and ahead of Tokyo’s opening and Australian data releases.
AUD/JPY Technical Levels
Technically speaking, the pair is offered at 93.01 and oscillates between the supports aligned at 92.91 (October 14th lows), 92.49 (October 12th lows) ahead of 92.16 (October 8th highs) and the resistances set at 93.22 (October 15th lows), 93.65 (October 16th lows) followed by 94 (October 28th highs). Primary and secondary trends ‘s divergence match parallel movement perceived on hourly charts where the range remains the same as yesterday’s and earlier this week. According to the FXstreet.com trend index, the pair is strongly bearish on one-hour timeframe analysis below the EMA20.
AUD/JPY Technical Levels
Technically speaking, the pair is offered at 93.01 and oscillates between the supports aligned at 92.91 (October 14th lows), 92.49 (October 12th lows) ahead of 92.16 (October 8th highs) and the resistances set at 93.22 (October 15th lows), 93.65 (October 16th lows) followed by 94 (October 28th highs). Primary and secondary trends ‘s divergence match parallel movement perceived on hourly charts where the range remains the same as yesterday’s and earlier this week. According to the FXstreet.com trend index, the pair is strongly bearish on one-hour timeframe analysis below the EMA20.