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1 Aug 2014
AUD/JPY testing 95.80 offers post China PMI
FXStreet (Bali) - AUD/JPY is piking up towards 95.80, recovering from a weekly low of 95.50 on Thursday, after a better-than-expected Chinese official PMI print, coming at 51.7 vs 51.4 exp.
The hourly FXStreet OB/OS Index is showing neutral conditions. At the time of writing, RSI is neutral at 66.75, up from 44.38 at the last hour close, while ADX is ranging at 17.77, up from 11.81 previous. Meanwhile, daily RSI is in neutral territory at 56.28.
On the hourly AUD/JPY chart, the 200 SMA is climbing and currently at 95.75, up from the previous hour close at 95.69. On average, the exponential closing price for the past 20 days is 95.57, with the trend indicating a potential continuation higher ahead.
The hourly FXStreet OB/OS Index is showing neutral conditions. At the time of writing, RSI is neutral at 66.75, up from 44.38 at the last hour close, while ADX is ranging at 17.77, up from 11.81 previous. Meanwhile, daily RSI is in neutral territory at 56.28.
On the hourly AUD/JPY chart, the 200 SMA is climbing and currently at 95.75, up from the previous hour close at 95.69. On average, the exponential closing price for the past 20 days is 95.57, with the trend indicating a potential continuation higher ahead.