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Forex pairs in this Article » USD/JPY
FXStreet (Moscow) - AUD/JPY reached the intraday high at 92.28, but soon reversed and dropped below 92.00 where triggered stops pushed the cross even lower to the current intraday minimum of 91.31

AUD/JPY is vulnerable to further weakening

AUD/JPY reversed some losses in the end of the day and closed at 91.92 after touching the intraday low at 91.10 on the back of general Aussie weakening. The Chinese CPI numbers showed that the inflation in the largest Asian economy grew slightly. The index came out at 1.0% m/m and 2.5% y/y against forecasted 0.3% m/m and 2.4% y/y. The Aussie got excited and moved to 92.28. The broad AUD sentiment still remain bearish, so further downside acceleration in the cross may still on the cards should it drop below the support zone 91.20. The upside correction is likely to be limited by 92.00, though if this level is taken out, 92.57 will come into sight.

What are today’s key AUD/JPY levels?

Today's central pivot point can be found at 91.87, with support below at 91.12, 90.35 and 89.60, with resistance above at 92.64, 92.39 and 94.16. Hourly Moving Averages are mixed, with the 200SMA at 91.25 and the daily 20EMA at 91.40. Hourly RSI is neutral at 51.
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