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26 Jan 2015
AUD/JPY moves away from 3-Month lows
FXStreet (Mumbai) - The Australian dollar got hammered by the Japanese yen in the Asian morning as the Aussie extended its slump to fresh five and a half year lows.
Currently, the AUD/JPY pair traded at 92.68 down -0.49% on the day, having previously posted a fresh three month low at 92.18 levels in early Asian morning. The cross in AUD/JPY extended losses largely on the Aussie weakness. The Australian dollar fell to fresh multi-year lows versus the greenback on increased bets of further easing by RBA.
Meanwhile, the AUD/JPY cross is expected to remain pressured ahead of US Federal Reserve Meeting later this week.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 93.11 (Today’s high) levels and above which it could extend gains to at 93.75 (5-DMA) levels. To the downside immediate support might be located at 92.18 (Today’s low) levels below that at 91.72 (Jan 10 Low) levels.
Currently, the AUD/JPY pair traded at 92.68 down -0.49% on the day, having previously posted a fresh three month low at 92.18 levels in early Asian morning. The cross in AUD/JPY extended losses largely on the Aussie weakness. The Australian dollar fell to fresh multi-year lows versus the greenback on increased bets of further easing by RBA.
Meanwhile, the AUD/JPY cross is expected to remain pressured ahead of US Federal Reserve Meeting later this week.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 93.11 (Today’s high) levels and above which it could extend gains to at 93.75 (5-DMA) levels. To the downside immediate support might be located at 92.18 (Today’s low) levels below that at 91.72 (Jan 10 Low) levels.