28 Nov 2014
AUD/JPY rebounds at 100.35
FXStreet (Córdoba) - AUD/JPY erased losses and printed a fresh daily high at 100.83, ahead of the US session. Currently trades at 100.78, up 0.14% for the day.
Despite rising on Friday, the pair is still lower for the week, trading more than a hundred pips below the level it had seven days ago. To the upside, the recovery from 99.90 (Nov 26 low) found resistance at 101.00.
The Australian dollar is among the worst performers during the week and has fallen across the board reaching multi-year lows versus the US dollar.
AUD/JPY technical levels
To the upside, immediate resistance lies at 101.05 (Nov 27 high) and above here at 101.45 (Nov 20, 21 low). On the opposite direction, support might be located at 101.35 (daily low) ,100.20 and 99.90 (Nov 26 low).
Despite rising on Friday, the pair is still lower for the week, trading more than a hundred pips below the level it had seven days ago. To the upside, the recovery from 99.90 (Nov 26 low) found resistance at 101.00.
The Australian dollar is among the worst performers during the week and has fallen across the board reaching multi-year lows versus the US dollar.
AUD/JPY technical levels
To the upside, immediate resistance lies at 101.05 (Nov 27 high) and above here at 101.45 (Nov 20, 21 low). On the opposite direction, support might be located at 101.35 (daily low) ,100.20 and 99.90 (Nov 26 low).