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2 Apr 2014
AUD/JPY rises again, reaches 96.00
FXStreet (Córdoba) - The AUD/JPY continued to rally on Tuesday and reached at 96.06, the strongest level in 10 months. The Aussie posted the ninth consecutive daily gain versus the Japanese currency. Since March 21 the pair has risen 350 pips.
A weak Yen, that fell again across the board pushed the AUD/JPY to the upside. The rally found resistance at 96.00 and pulled back to finish the day hovering around 95.85.
Levels for the AUD/JPY
To the upside immediate resistance lies at 96.00/10 (April 1 high) and above here at 96.45 and 96.90. While support levels could be located at 95.35/40 (April 1 low), 94.70/75 (March 26 high) and 94.20.
A weak Yen, that fell again across the board pushed the AUD/JPY to the upside. The rally found resistance at 96.00 and pulled back to finish the day hovering around 95.85.
Levels for the AUD/JPY
To the upside immediate resistance lies at 96.00/10 (April 1 high) and above here at 96.45 and 96.90. While support levels could be located at 95.35/40 (April 1 low), 94.70/75 (March 26 high) and 94.20.