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28 Mar 2014
AUD/JPY moving to higher ground to test 0.95 handle
FXStreet (Guatemala) - AUD/JPY has moved in on the 0.95 handle and is marking a high of 95.04 currently, with a low of 94.54.
AUD/JPY is performing on a better bid Australian dollar overall and across the board today (all week). However, Strategists at TD Securities explained that they have a dour set of expectations for the monthly high frequency data set next week which may weigh on the dollar. “Our premise is that the unexpected slump in Chinese imports from Australia translates into a slide in Australia’s exports to China”.
AUD/JPY bullish
AUD/JPY is running on full steam ahead with indicators firmly bullish on the 15min, 1hr and 1d time- frames. RSI’s however offer over done readings. EMA’s are bullish until 1w timeframes moving into neutral.
AUD/JPY is performing on a better bid Australian dollar overall and across the board today (all week). However, Strategists at TD Securities explained that they have a dour set of expectations for the monthly high frequency data set next week which may weigh on the dollar. “Our premise is that the unexpected slump in Chinese imports from Australia translates into a slide in Australia’s exports to China”.
AUD/JPY bullish
AUD/JPY is running on full steam ahead with indicators firmly bullish on the 15min, 1hr and 1d time- frames. RSI’s however offer over done readings. EMA’s are bullish until 1w timeframes moving into neutral.