FxWirePro: AUD/JPY Rejected at Session Lows, Finds Strong Support at 84.60
20 April 2016, 13:40
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FxWirePro: AUD/JPY Rejected at Session Lows, Finds Strong Support at 84.60
- AUD/JPY finds strong support by 5-DMA at 84.60, pair has held support and edged higher to currently trade at 85.28.
- Technicals on daily charts point to furher gains. Pair on track to test next hurdle at 85.87 (double top Mar 17th and 23rd).
- RSI strength seen at 57 levels with further room to run. Stochs are biased north and MACD line has shown a bullish crossover on signal line.
- Traders to track sentiment across markets with focus on inventories data today and Australia NAB business confidence on Thursday.
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