Back
3 Apr 2014
AUD/JPY hits fresh 10-month highs above 96.00
FXStreet (Córdoba) - After Wall Street closing the AUD/JPY climbed to 96.10 hitting levels not seen since June 5. On Wednesday the Aussie posted the tenth daily gain in a row against the Yen, boosted by another decline across the board of the Japanese currency.
Early in Asia the pair is moving slightly to the downside, and currently trades around the 96.00 level. Recent economic data in Australia showed the AiG Performance of Service index decline in March from 55.2 to 48.9. In about an hour, at 00:30 GMT more economic data will be released in Australia with trade data and retail sales numbers from February.
Price remains at 10-month highs, still pushing higher despite overbought indicators. To the downside immediate support lies at 95.80 and below at 95.35 (April 1 low). Resistance could be located at 96.40 and above at 96.90.
Early in Asia the pair is moving slightly to the downside, and currently trades around the 96.00 level. Recent economic data in Australia showed the AiG Performance of Service index decline in March from 55.2 to 48.9. In about an hour, at 00:30 GMT more economic data will be released in Australia with trade data and retail sales numbers from February.
Price remains at 10-month highs, still pushing higher despite overbought indicators. To the downside immediate support lies at 95.80 and below at 95.35 (April 1 low). Resistance could be located at 96.40 and above at 96.90.