15 Oct 2013
AUD/JPY rockets to 93.68, 24-day highs
FXstreet.com (Chicago) - AUD/JPY reached 93.68 session highs ahead of RBA minutes and heavy buying on bullish sentiment across the board combined with the weakening of the safe haven currency on talks in Washington.
Risk appetite?
Washington seems to advance to prevent the US default spreading risk appetite in the markets and disfavoring the yen’s performance that trades weak ahead of RBA minutes release and Japanese data to be published.
AUD/JPY Technical Levels
Technically speaking, the pair is offered at 93.57 and oscillates between supports aligned at 93 (September 25th highs), 92.19 (October 8th highs) ahead of 91.64 (September 13th lows) and the resistances set at 93.56 (September 11th highs), 94 (September 19th highs) followed by 94.45 (September 18th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20 extending the upward trendline originated last October 2nd.
Risk appetite?
Washington seems to advance to prevent the US default spreading risk appetite in the markets and disfavoring the yen’s performance that trades weak ahead of RBA minutes release and Japanese data to be published.
AUD/JPY Technical Levels
Technically speaking, the pair is offered at 93.57 and oscillates between supports aligned at 93 (September 25th highs), 92.19 (October 8th highs) ahead of 91.64 (September 13th lows) and the resistances set at 93.56 (September 11th highs), 94 (September 19th highs) followed by 94.45 (September 18th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20 extending the upward trendline originated last October 2nd.