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12 Sep 2013
AUD/JPY dips to near 92 on Aussie jobs data from above 93
FXstreet.com (Barcelona) - The AUD/JPY foreign exchange cross rate is last trading at fresh session lows 92.14 down from above 93.00 following much worse than expected Australian jobs data.
AUD/JPY flat awaiting Aussie jobs data
According to IFRMarkets analyst Richard Sexton the “pullback should extend towards support at 91.30/40,” after last price extension left the cross “vulnerable to profit taking,” Sexton added. The cross is down more than -1% for the day, while still in the positive for the week so far, with Nikkei index slightly lower down -0.23% and Australian ASX in the positive +0.27% as odds for a further RBA rate cut next month have now increased after today's jobs data.
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at July 03 highs at 92.44, followed by July 24 highs at 92.75, and recent session highs at 93.33. To the downside, closest support lies at current levels as Monday's highs at 92.09, followed by Friday's highs 91.70, and Sept 04 highs at 91.58.
AUD/JPY flat awaiting Aussie jobs data
According to IFRMarkets analyst Richard Sexton the “pullback should extend towards support at 91.30/40,” after last price extension left the cross “vulnerable to profit taking,” Sexton added. The cross is down more than -1% for the day, while still in the positive for the week so far, with Nikkei index slightly lower down -0.23% and Australian ASX in the positive +0.27% as odds for a further RBA rate cut next month have now increased after today's jobs data.
AUD/JPY key technical levels
Immediate resistance to the upside for AUD/JPY shows at July 03 highs at 92.44, followed by July 24 highs at 92.75, and recent session highs at 93.33. To the downside, closest support lies at current levels as Monday's highs at 92.09, followed by Friday's highs 91.70, and Sept 04 highs at 91.58.