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23 Apr 2014
AUD/JPY down -0.72% post drop in CPI
FXStreet (Guatemala) - AUD/JPY is trading at 95.41, down -0.72% on the day, having posted a daily high at 96.28 and low at 95.42.
AUD/JPY has dropped right back below the gains it had been making on the week after the release of the weaker than expected CPI data. This now takes the pressure of the RBA to decrease rates and leaves traders exposed to volatility again in the pair while the data in digested. Meanwhile, at the time of writing, RSI is neutral at 20.54, down from 35.49 at the last hour close, while ADX is trending at 37.30, up from 25.30 previous.
AUD/JPY Levels
With spot trading at 95.47, we can see next resistance ahead at 95.48 (Weekly Classic PP), 95.65 (Hourly 200 SMA), 95.66 (Yesterday's Low), 95.73 (Hourly 100 SMA) and 95.78 (Daily Classic S1). Support below can be found at 95.44 (Daily Classic S2), 95.43 (Daily Low), 95.41 (Weekly Low), 95.24 (Daily 20 SMA) and 95.22 (Daily ClassicS3). Looking to candlestick patterns, we can see a Dark Cloud Cover and Engulfing Bearish formation on the 1-hour chart .
AUD/JPY has dropped right back below the gains it had been making on the week after the release of the weaker than expected CPI data. This now takes the pressure of the RBA to decrease rates and leaves traders exposed to volatility again in the pair while the data in digested. Meanwhile, at the time of writing, RSI is neutral at 20.54, down from 35.49 at the last hour close, while ADX is trending at 37.30, up from 25.30 previous.
AUD/JPY Levels
With spot trading at 95.47, we can see next resistance ahead at 95.48 (Weekly Classic PP), 95.65 (Hourly 200 SMA), 95.66 (Yesterday's Low), 95.73 (Hourly 100 SMA) and 95.78 (Daily Classic S1). Support below can be found at 95.44 (Daily Classic S2), 95.43 (Daily Low), 95.41 (Weekly Low), 95.24 (Daily 20 SMA) and 95.22 (Daily ClassicS3). Looking to candlestick patterns, we can see a Dark Cloud Cover and Engulfing Bearish formation on the 1-hour chart .