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12 Mar 2015
AUD/JPY testing 93.00
FXStreet (Córdoba) - The AUD/JPY pair is rising sharply on Thursday, recovering after losing more than a hundred pips during the previous two trading days. Recently printed a fresh daily high at 93.09 and currently it is hovering around 93.00.
So far the pair has been unable to consolidate above 93.00 but remains near the highs, 125 pips above Wednesday’s lows. Yesterday bottomed at 91.77, the lowest in almost a month.
The pair started to recover during the Asian session, supported by the aussie, after the Australian employment report that came in line with expectations. During the Asian session climbed above 92.60 and then extended the rally to the 93.00 zone.
AUD/JPY technical levels
To the upside, resistance could be located at 93.35 and 93.60 (March 9 high) while support levels might lie at 92.70 (March 11 high), 92.35 and 92.10/15.
So far the pair has been unable to consolidate above 93.00 but remains near the highs, 125 pips above Wednesday’s lows. Yesterday bottomed at 91.77, the lowest in almost a month.
The pair started to recover during the Asian session, supported by the aussie, after the Australian employment report that came in line with expectations. During the Asian session climbed above 92.60 and then extended the rally to the 93.00 zone.
AUD/JPY technical levels
To the upside, resistance could be located at 93.35 and 93.60 (March 9 high) while support levels might lie at 92.70 (March 11 high), 92.35 and 92.10/15.