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3 Oct 2013
AUD/JPY soars to 91.76 highs
FXstreet.com (Chicago) - AUD/JPY continues advancing and attempts consolidation above the 91.50 zone on Chinese non-manufacturing PMI data release.
Data recap
Advancing 0.25% so far, positive Australian data seem to trigger market participants’ reactions strengthening the Aussie against a weaker yen across the board. The AiG performance of services index for September was 47.1 vs. past 39. Chinese service PMI was 55.4 vs. past 53.9.
AUD/JPY Technical Levels
Price action reveals primary, secondary and short-term trends pointing up with the extension of a bullish channel that started yesterday. Offered at 91.71 (above 50% Fibonacci level), the pair navigates between supports aligned at 91.08 (July 10th lows), 89.66 (August 13th highs) ahead of 87.29 (July 31st lows) and resistances set at 92.21 (July 2nd highs), 93.79 (June 10th highs) followed by 95.00 (February 1st lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis with a neutral EMA20.
Data recap
Advancing 0.25% so far, positive Australian data seem to trigger market participants’ reactions strengthening the Aussie against a weaker yen across the board. The AiG performance of services index for September was 47.1 vs. past 39. Chinese service PMI was 55.4 vs. past 53.9.
AUD/JPY Technical Levels
Price action reveals primary, secondary and short-term trends pointing up with the extension of a bullish channel that started yesterday. Offered at 91.71 (above 50% Fibonacci level), the pair navigates between supports aligned at 91.08 (July 10th lows), 89.66 (August 13th highs) ahead of 87.29 (July 31st lows) and resistances set at 92.21 (July 2nd highs), 93.79 (June 10th highs) followed by 95.00 (February 1st lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis with a neutral EMA20.