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8 Oct 2013
AUD/JPY stands back up around 91.17 session lows
FXstreet.com (Chicago) - AUD/JPY plunged at the closing of Wall Street to print 91.17 session lows ahead of Japanese and Australian data due later today.
Due Data
Amid rumors on Australian economic improvements, market participants wait for the NAB’s business confidence results along ANZ job advertisements for September. In Japan, trade balance results are due along the Eco Watchers survey outlooks from last month.
AUD/JPY Technical Levels
Price action reveals primary and secondary diverging with upward short-term movement after plunge to 91.17 session lows. Offered at 91.18, the pair oscillates between supports aligned at 91.09 (September 4th lows), 90.73 (September 30th lows) ahead of 89.97 (August 19th highs) and the resistances set at 91.44 (October 4th lows), 91.83 (October 3rd highs) followed by 92.22 (September 24th lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis below the EMA20.
Due Data
Amid rumors on Australian economic improvements, market participants wait for the NAB’s business confidence results along ANZ job advertisements for September. In Japan, trade balance results are due along the Eco Watchers survey outlooks from last month.
AUD/JPY Technical Levels
Price action reveals primary and secondary diverging with upward short-term movement after plunge to 91.17 session lows. Offered at 91.18, the pair oscillates between supports aligned at 91.09 (September 4th lows), 90.73 (September 30th lows) ahead of 89.97 (August 19th highs) and the resistances set at 91.44 (October 4th lows), 91.83 (October 3rd highs) followed by 92.22 (September 24th lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis below the EMA20.