18 Nov 2013
AUD/JPY approaching 94 front
FXstreet.com (Chicago) - AUD/JPY can’t surpass the 94 front ahead of Tokyo’s opening despite trading very close to the zone ahead of Chinese data with potential influence on the pair’s price.
Ahead of Chinese housing data, market participants push the pair closer to the 94 front but are unsuccessful at breaking through the level.
AUD/JPY Technical Levels
Technically speaking, the pair presents an exhaustion right before reaching the 94 mark to retrace minimally and remain close to the zone. Offered at 93.95, the pair oscillates between the supports aligned at 93.63 (October 30th highs), 93.24 (November 13th highs) ahead of 92.71 (November 14th lows) and the resistances set at 94 (November 5th highs), 94.35 (October 24th highs) followed by 94.67 (October 20th lows).
Ahead of Chinese housing data, market participants push the pair closer to the 94 front but are unsuccessful at breaking through the level.
AUD/JPY Technical Levels
Technically speaking, the pair presents an exhaustion right before reaching the 94 mark to retrace minimally and remain close to the zone. Offered at 93.95, the pair oscillates between the supports aligned at 93.63 (October 30th highs), 93.24 (November 13th highs) ahead of 92.71 (November 14th lows) and the resistances set at 94 (November 5th highs), 94.35 (October 24th highs) followed by 94.67 (October 20th lows).