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12 Dec 2013
AUD/JPY rips on Aussie jobs data; 1st hurdle on upside is 93.10
FXstreet.com (Barcelona) - AUD/JPY is reacting bullishly to better-than-expected Aussie jobs data and the rest of the lesser economic releases that came out earlier in the session. The remainder of the session likely to be driven by risk appetite.
AUD/JPY traders to focus on global risk appetite for remainder of Thursday session
AUD/JPY are buying up the cross on surprisingly bullish Aussie jobs data. The cross has ripped from 92.70 just before the data release to as high as 93.06 shortly after the release before pulling back just a bit.
Now that all of the data points have been released by Japan and Australia for the day, AUD/JPY traders will be focused on technicals and the perceived global risk appetite for the rest of Thursday’s session.
Technical outlook for AUD/JPY
Technicians say the AUD/JPY’s chart indicates key support at 92.10. a break of that level will likely lead to a move down to 91.25 – a lower Fibonacci projection. First resistance for the cross comes in at 93.10 – Wednesday’s late afternoon peak. Resistance for the cross comes in at the 11/20 high of 94.60 and is backed up by the 10/22 high of 95.67.
AUD/JPY traders to focus on global risk appetite for remainder of Thursday session
AUD/JPY are buying up the cross on surprisingly bullish Aussie jobs data. The cross has ripped from 92.70 just before the data release to as high as 93.06 shortly after the release before pulling back just a bit.
Now that all of the data points have been released by Japan and Australia for the day, AUD/JPY traders will be focused on technicals and the perceived global risk appetite for the rest of Thursday’s session.
Technical outlook for AUD/JPY
Technicians say the AUD/JPY’s chart indicates key support at 92.10. a break of that level will likely lead to a move down to 91.25 – a lower Fibonacci projection. First resistance for the cross comes in at 93.10 – Wednesday’s late afternoon peak. Resistance for the cross comes in at the 11/20 high of 94.60 and is backed up by the 10/22 high of 95.67.