Back
5 Feb 2015
AUD/JPY posts fresh session highs
FXStreet (Mumbai) - AUD/JPY bounced-off lows and traded stronger in the mid-Asian session largely as the AUD bulls continues to take charge versus the US dollar.
Rises from 90.76 levels
Currently, the AUD/JPY trades higher by 0.61% on the day, at fresh daily highs of 91.45. AUD/JPY rebounded largely on a strengthening Australian against the greenback on China’s stimulus measures and Aus cheerful housing data. Meanwhile, the yen steadies versus the US dollar amid lack of fresh incentives for the currency pair.
At the moment, AUD/USD trades at 0.7788, up 0.47% on the day, while USD/JPY trade flat at 117.25 levels.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 92.05 levels and above which it could extend gains to at 92.42 levels. To the downside immediate support might be located at 91 levels below that at 90.67 levels.
Rises from 90.76 levels
Currently, the AUD/JPY trades higher by 0.61% on the day, at fresh daily highs of 91.45. AUD/JPY rebounded largely on a strengthening Australian against the greenback on China’s stimulus measures and Aus cheerful housing data. Meanwhile, the yen steadies versus the US dollar amid lack of fresh incentives for the currency pair.
At the moment, AUD/USD trades at 0.7788, up 0.47% on the day, while USD/JPY trade flat at 117.25 levels.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 92.05 levels and above which it could extend gains to at 92.42 levels. To the downside immediate support might be located at 91 levels below that at 90.67 levels.