3 Jul 2013
AUD/JPY static trading ahead of AU retail sales
FXstreet.com (New York) - The AUD/JPY technical cross has been tight roping the 92.00 handle in recent moments, holding steady ahead of a later tranche of Australian data.
In Australia later, the AiG Performance of Services Index (June) will be reported at 23:30 GMT. Moreover, at 01:30 GMT, Retail Sales, and several key figures, i.e. Trade Balance, Imports, and Exports are also slated for release.
AUD/JPY poised for bounce?
According to Global FX Strategist Sean Callow at Westpac, “The AUD/JPY seems set for a bounce and as such we entered a long position at an average of 90.27, targeting the 94 area multi-week.”
AUD/JPY sideways trading
The AUD/JPY is currently settling at 91.99 in these moments, virtually unchanged off its opening during Asian trading. The Mataf.net analyst team has calculated the next resistances at 92.54, then 93.10, and finally 93.97. Alternatively, a movement lower will open up supportive structures at 91.11, ahead of 90.24, and ultimately 89.68.
In Australia later, the AiG Performance of Services Index (June) will be reported at 23:30 GMT. Moreover, at 01:30 GMT, Retail Sales, and several key figures, i.e. Trade Balance, Imports, and Exports are also slated for release.
AUD/JPY poised for bounce?
According to Global FX Strategist Sean Callow at Westpac, “The AUD/JPY seems set for a bounce and as such we entered a long position at an average of 90.27, targeting the 94 area multi-week.”
AUD/JPY sideways trading
The AUD/JPY is currently settling at 91.99 in these moments, virtually unchanged off its opening during Asian trading. The Mataf.net analyst team has calculated the next resistances at 92.54, then 93.10, and finally 93.97. Alternatively, a movement lower will open up supportive structures at 91.11, ahead of 90.24, and ultimately 89.68.