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Thomson Reuters
Sep 14 - 12:12 AM
AUD/USD Move Up Rejected But AUD/JPY Up More With USD/JPY
First appeared on eFXplus on Sep 13 - 10:00 PM

  • AUD/USD up to 0.7229 yesterday but off since, Asia 0.7196 to 0.7184, soggy
  • AUD/JPY a different story, better bid with USD/JPY, Asia 80.42-59
  • Cross touch lower from 70.78 high yesterday but more buoyant than AUD/USD
  • That said, trend since June for cross to ratchet lower from 84.53 on 6/7
  • Retracements have been seen periodically but procession of lower highs
  • Resistance from 81.54 descending 55-DMA, support 80.25 hourly Ichi kijun

AUD/JPY: Click here

AUD/JPY hourly: Click here

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