9 Jul 2014
AUD/JPY consolidating in a tight range
FXStreet (Bali) - AUD/JPY is trading at 95.48, barely changed for the day, having posted a muted range with high at 95.64 and low at 95.40.
AUD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is strongly bullish. RSI is in neutral territory at 52.29, up from it’s last hourly close at 51.94, while ADX is ranging above 30 at 12.76, up from 10.81 at the last
hourly close. Looking to a daily chart, we see that RSI is neutral at 48.44.
With spot trading at 95.49, we can see next resistance ahead at 95.50 (Hourly 20 EMA), 95.50 (Daily Classic PP), 95.54 (Hourly 100 SMA),95.64 (Daily 20 SMA) and 95.64 (Daily High). Support below can be found at 95.48 (Daily Open), 95.47 (Weekly Low), 95.40 (Daily Low), 95.40 (Monthly Low) and 95.31 (Yesterday's Low). Looking to candlestick patterns, we can see a Dark Cloud Cover formation on the 1-hour chart .
AUD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is strongly bullish. RSI is in neutral territory at 52.29, up from it’s last hourly close at 51.94, while ADX is ranging above 30 at 12.76, up from 10.81 at the last
hourly close. Looking to a daily chart, we see that RSI is neutral at 48.44.
With spot trading at 95.49, we can see next resistance ahead at 95.50 (Hourly 20 EMA), 95.50 (Daily Classic PP), 95.54 (Hourly 100 SMA),95.64 (Daily 20 SMA) and 95.64 (Daily High). Support below can be found at 95.48 (Daily Open), 95.47 (Weekly Low), 95.40 (Daily Low), 95.40 (Monthly Low) and 95.31 (Yesterday's Low). Looking to candlestick patterns, we can see a Dark Cloud Cover formation on the 1-hour chart .