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Technical Analysis: AUD/JPY (MNI)

Posted by Akhilesh Ganti on Apr 23, 2013 10:30:00 PM

AUSSIE-YEN TECHS: Closes Just Off Session Highs

RES 4: 105.83 - 21 day upper Bollinger band
RES 3: 105.43 - 2013 high Apr 11
RES 2: 103.83 - High Apr 15
RES 1: 102.94 - High Apr 22

PRICE: 101.63 @ 0220GMT

SUP 1: 99.95 - Low Apr 18
SUP 2: 98.75 - Low Apr 16
SUP 3: 98.55 - Rising daily trend line
SUP 4: 96.91 - Low Apr 2

COMMENTARY: The AUD/JPY bounced from the somewhat controversial low overnight to close just off session highs after dipping marginally below the 21-DMA. A close below the rising daily trend line remains needed to see overall focus return to the 92.50 level. Initial support remains around the psychologically important 100.00 level.

audjpy 042313 D

 

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