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22 Oct 2013
AUD/JPY slowly climbing; glued to 97.76 support
FXstreet.com (Chicago) – AUD/JPY remains close to the immediate support at 97.76 on light Australian and Japanese data with China releasing facts with potential effects on price action.
AUD/JPY Technical Levels
Extending the bullish channel despite rectangular pattern within the past few hours, the upward trendline remains intact (with origins last August 27th lows). Technically speaking, the pair is offered at 97.79 cruising close to the immediate support aligned at 94.76 (October 15th highs) and followed by 94.45 (October 16th highs) ahead of 94.10 (October 18th lows). On the upside, resistances are aligned at 95 (October 21st highs), 95.26 (March 1st highs) followed by 95.61 (February 14th lows). Primary and secondary trends point up.
AUD/JPY Technical Levels
Extending the bullish channel despite rectangular pattern within the past few hours, the upward trendline remains intact (with origins last August 27th lows). Technically speaking, the pair is offered at 97.79 cruising close to the immediate support aligned at 94.76 (October 15th highs) and followed by 94.45 (October 16th highs) ahead of 94.10 (October 18th lows). On the upside, resistances are aligned at 95 (October 21st highs), 95.26 (March 1st highs) followed by 95.61 (February 14th lows). Primary and secondary trends point up.