14 Apr 2014
AUD/JPY capped with descending resistance
FXStreet (Guatemala) - Currently, AUD/JPY is trading at 95.29, down -0.17% on the day, having posted a daily high at 95.54 and low at 95.10.
AUD bulls mounted up on the open but AUD/JPY is back onto the 95.30’s after an opening rally to the highs. The descending resistance line is still very much in tact from above 96.20 and the JPY will enjoy risk off play while the Aussie has the upper hand fundamentally. Thus, the FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
AUD/JPY in neutral territory
Currently hourly RSI is at 50.48 , up from the last hourly print at 47.06, with ADX at 17.84, up from its previous close at 14.76. Daily RSI sits at 62.72. The hourly 200 SMA is currently at 95.58, down from the last close at 95.71 and declining. Over the past 20 days, the exponential average closing price is 94.72, and trending higher.
AUD/JPY Levels
Spot is presently trading at 95.31, and next resistance can be seen at 95.42 (Daily Classic PP), 95.43 (Daily Open), 95.44 (Hourly 20 EMA), 95.54 (Daily High) and 95.55 (Hourly 100 SMA). Next support to the downside can be found at 95.30 (Weekly Low), 95.11 (Daily Classic S1), 95.10 (Daily Low), 95.05 (Yesterday's Low) and 94.91 (Weekly Classic S1).
AUD bulls mounted up on the open but AUD/JPY is back onto the 95.30’s after an opening rally to the highs. The descending resistance line is still very much in tact from above 96.20 and the JPY will enjoy risk off play while the Aussie has the upper hand fundamentally. Thus, the FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
AUD/JPY in neutral territory
Currently hourly RSI is at 50.48 , up from the last hourly print at 47.06, with ADX at 17.84, up from its previous close at 14.76. Daily RSI sits at 62.72. The hourly 200 SMA is currently at 95.58, down from the last close at 95.71 and declining. Over the past 20 days, the exponential average closing price is 94.72, and trending higher.
AUD/JPY Levels
Spot is presently trading at 95.31, and next resistance can be seen at 95.42 (Daily Classic PP), 95.43 (Daily Open), 95.44 (Hourly 20 EMA), 95.54 (Daily High) and 95.55 (Hourly 100 SMA). Next support to the downside can be found at 95.30 (Weekly Low), 95.11 (Daily Classic S1), 95.10 (Daily Low), 95.05 (Yesterday's Low) and 94.91 (Weekly Classic S1).