Back
11 Sep 2015
AUD/JPY consolidating the rally ahead of 20 DMA
FXStreet (Guatemala) - AUD/JPY is currently trading at 85.40 with a high of 85.61 in Asia and a low of 85.18.
AUD/JPY has been on the bid since the rally yesterday that commenced in early Asia from the 83.30's. Bulls have been in control through key levels of resistance since and it now consolidates around the mid-point of the 85 handle having made highs of 85.87 in late European trade.
AUD/JPY levels post decent jobs
The Aussie was well placed and better bid in its own right on the back of a healthy jobs report and better than expected CPI's from China yesterday. The 20 DMA at 86.27 comes as next major level of resistance and potential support on the hourly chart at 85.34 ahead of 85.00 and 84.20 in the vicinity of the 200 SMA on the hourly.
AUD/JPY has been on the bid since the rally yesterday that commenced in early Asia from the 83.30's. Bulls have been in control through key levels of resistance since and it now consolidates around the mid-point of the 85 handle having made highs of 85.87 in late European trade.
AUD/JPY levels post decent jobs
The Aussie was well placed and better bid in its own right on the back of a healthy jobs report and better than expected CPI's from China yesterday. The 20 DMA at 86.27 comes as next major level of resistance and potential support on the hourly chart at 85.34 ahead of 85.00 and 84.20 in the vicinity of the 200 SMA on the hourly.