20 Jun 2014
AUD/JPY finds no stimulus, 96.00 resistance holds
FXStreet (Bali) - AUD/JPY is trading at 95.79, barely changed on the day, having posted a daily high at 95.89 and low at 95.73.
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish. Currently RSI is at 48.29, up from the last hourly print at 47.28, with ADX at 15.40, down from its previous close at 16.52. Daily RSI sits at 59.81, in neutral territory. Looking to momentum indicators, the hourly 200 SMA is currently at 95.68, down from the last close at 95.74 and declining. Over the past 20 days, the exponential average closing price is 95.39, and ranging.
The technical context remains range-bound, with sellers well camped at the 96.00 round number, while on the downside, 95.00/95.20 is the key support. With no risk events to take note of for this Friday, the mentioned range should act as the guide for today.
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish. Currently RSI is at 48.29, up from the last hourly print at 47.28, with ADX at 15.40, down from its previous close at 16.52. Daily RSI sits at 59.81, in neutral territory. Looking to momentum indicators, the hourly 200 SMA is currently at 95.68, down from the last close at 95.74 and declining. Over the past 20 days, the exponential average closing price is 95.39, and ranging.
The technical context remains range-bound, with sellers well camped at the 96.00 round number, while on the downside, 95.00/95.20 is the key support. With no risk events to take note of for this Friday, the mentioned range should act as the guide for today.