Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: AUD/JPY recovery lacks traction, good to stay short on upticks

AUD/JPY chart - Trading View 

  • AUD/JPY is trading at 78.110, up 0.40% at 1130 GMT.
     
  • The pair was rejected at 110-EMA and is extending weakness.
     
  • Price action has slipped below 50-DMA and has broken into daily cloud.
     
  • Momentum is with the bears, upside in the pair lacks traction.
     
  • Immediate resistance is seen at 5-DMA at 78.49, break above eyes 50-DMA at 78.69.
     
  • On the flipside, weakness till cloud base at 77.11 likely. Break below cloud will see further weakness.

Support levels - 77.44 (Feb 8 low), 77.11 (cloud base), 77

Resistance levels - 78, 78.50 (5-DMA), 78.69

Recommendation: Good to stay short on upticks at 78.20, SL: 78.70, TP: 77.50/ 77.15

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

April 19 12:30 UTC Released

USHouse Starts MM: Change

Actual

-0.3 %

Forecast

Previous

-8.7 %

April 19 12:30 UTC Released

USHousing Starts Number MM

Actual

1.139 Mln

Forecast

1.23 Mln

Previous

1.162 Mln

January 31 00:00 UTC 638904638904m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 638904638904m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 650724650724m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 638904638904m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 650724650724m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 638904638904m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 638904638904m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 638904638904m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.