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26 Feb 2015
AUD/JPY drops toward 93.00
FXStreet (Córdoba) - The sharp decline of the AUD/USD pushed the AUD/JPY from 93.90 toward 93.00. Recently posted a fresh daily low at 93.01. The pair remains under pressure trading near the lows as AUD/USD falls below 0.7800.
AUD/JPY double top
During the European session the pair climbed to test yesterday's highs around 93.90/95 but it failed to break and started to pullback, making a double top formation in the hourly chart, with the highs around 93.90 and support at 93.30.
The aussie accelerated to the downside below 93.30 and currently is testing 93.00; below support levels might lie at 92.60 (Feb 23 low) and 92.40 (Feb 20, 24 low).
AUD/JPY double top
During the European session the pair climbed to test yesterday's highs around 93.90/95 but it failed to break and started to pullback, making a double top formation in the hourly chart, with the highs around 93.90 and support at 93.30.
The aussie accelerated to the downside below 93.30 and currently is testing 93.00; below support levels might lie at 92.60 (Feb 23 low) and 92.40 (Feb 20, 24 low).