AUD/JPY retraced from the resistance level of 92.00 as the investors are eager to buy the safe-heaven JPY and sell risky AUD early on Monday; the cross set the intraday low at 91.57, but managed to reverse to 91.66.
Dull week ahead for AUD/JPY
AUD/JPY finished Friday and the whole week nearly unchanged as AUD weakness was compensated by JPY weakness. Typically, JPY is rising when AUD is weakening if the movement is caused by risk sentiments. This time it’s different and it means that some other forces were at work. From the fundamental point of view we have a quiet and even dull week both for Aussie and Yen (the only interesting report - Japanese CPI - is published on Friday). So it looks like boring consolidation and technical play is all we can count on. The closest resistance comes at 92.00. The support is seen at 91.50 and followed at 91.20.
Key Levels For AUD/JPY
Today's central pivot point can be found at 92.07, with support below at 91.72, 91.47 and 91.12, with resistance above at 92.32, 92.67 and 92.92. Hourly Moving Averages are bearish, with the 200SMA at 92.10 and the daily 20EMA at 91.71. Hourly RSI is neutral at 40.
Dull week ahead for AUD/JPY
AUD/JPY finished Friday and the whole week nearly unchanged as AUD weakness was compensated by JPY weakness. Typically, JPY is rising when AUD is weakening if the movement is caused by risk sentiments. This time it’s different and it means that some other forces were at work. From the fundamental point of view we have a quiet and even dull week both for Aussie and Yen (the only interesting report - Japanese CPI - is published on Friday). So it looks like boring consolidation and technical play is all we can count on. The closest resistance comes at 92.00. The support is seen at 91.50 and followed at 91.20.
Key Levels For AUD/JPY
Today's central pivot point can be found at 92.07, with support below at 91.72, 91.47 and 91.12, with resistance above at 92.32, 92.67 and 92.92. Hourly Moving Averages are bearish, with the 200SMA at 92.10 and the daily 20EMA at 91.71. Hourly RSI is neutral at 40.
