18 Jul 2014
AUD/JPY getting a double whammy
FXStreet (Guatemala) - AUD/JPY is trading at 94.48, down -0.12% on the day, having posted a daily high at 94.66 and low at 94.47.
AUD/JPY has been a mover and dropped through the 95.00 level to test support which proved short-lived on a small bounce at 95.90 before further offers confirmed the downside. The pair has been subject to the risk off and risk aversion environment founded on concerns in the aeroplane tragedy over Ukrainian airspace and on top of that, with the news of Israel who have begun a land invasion of Gaza. With the AUD taking a hit and the JPY attracting the risk off money, this leaves AUD/JPY taking a double whammy of a hit.
AUD/JPY Levels
Current price is 94.49, with resistance ahead at 94.53 (Yesterday's Low), 94.57 (Weekly Classic S1), 94.58 (Daily Classic S3), 94.61 (Monthly Low) and (Weekly Low). Next support to the downside can be found at 94.47 (Daily Low), 94.00 (Weekly Classic S2), 93.73 (Daily 200 SMA), 93.28 (Weekly Classic S3) and 88.37 (YTD Low).
AUD/JPY has been a mover and dropped through the 95.00 level to test support which proved short-lived on a small bounce at 95.90 before further offers confirmed the downside. The pair has been subject to the risk off and risk aversion environment founded on concerns in the aeroplane tragedy over Ukrainian airspace and on top of that, with the news of Israel who have begun a land invasion of Gaza. With the AUD taking a hit and the JPY attracting the risk off money, this leaves AUD/JPY taking a double whammy of a hit.
AUD/JPY Levels
Current price is 94.49, with resistance ahead at 94.53 (Yesterday's Low), 94.57 (Weekly Classic S1), 94.58 (Daily Classic S3), 94.61 (Monthly Low) and (Weekly Low). Next support to the downside can be found at 94.47 (Daily Low), 94.00 (Weekly Classic S2), 93.73 (Daily 200 SMA), 93.28 (Weekly Classic S3) and 88.37 (YTD Low).