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27 Mar 2015
AUD/JPY hovering around 93.00
FXStreet (Córdoba) - AUD/JPY dropped modestly during the Asian session from 93.75 and bottomed at 92.81. During the last hours it has been trading steady hovering around 93.00.
Today’s decline found support above yesterday’s lows. The area around 92.80 is the immediate support level to consider, followed by 92.55 and 92.25. On the opposite direction resistance might lie 93.15/20 (European session high), 93.40 and 93.55 (Mar 25 low).
The aussie is about to end the week lower against the yen, after making a reversal at 8-week highs. On Tuesday AUD/JPY reached 94.68 but then turned to the downside and erased gains amid a correction in AUD/USD and a rally of the yen across the board.
Today’s decline found support above yesterday’s lows. The area around 92.80 is the immediate support level to consider, followed by 92.55 and 92.25. On the opposite direction resistance might lie 93.15/20 (European session high), 93.40 and 93.55 (Mar 25 low).
The aussie is about to end the week lower against the yen, after making a reversal at 8-week highs. On Tuesday AUD/JPY reached 94.68 but then turned to the downside and erased gains amid a correction in AUD/USD and a rally of the yen across the board.