Forex: AUD/JPY dips below 93.00, finds 200-hr EMA
Forex pairs in this Article » AUD/JPY
FXstreet.com (San Francisco) - AUDJPY is looking poised for a break below 93.00 support this afternoon as an extension of the JPY correction seen overnight. Spot has fallen to as low as 93, down around 80 pips from the NA close, and should it indeed target lower levels, 92.80 (Jan 7 high) is offered as immediate support. At the time of writing, the cross is testing bids through 92.86 at the top of the hour, now stalling at the 200-hr EMA. A break below there may open scope for a test of 23.6% Fibonacci retracement support at 89.85.