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AUD/JPY threatens the upside of he 97 handle

FXStreet (Guatemala) - AUD/JPY is trading at 97.42, up 0.05% on the day, having posted a daily high at 97.45 and low at 97.35.

AUD/JPY is steady, if anything it is threatening the upside of the 97 handle ahead of the RBA decision and accompanying statement that may have an impact on the pair. Certainly there is a possibility if we see more down playing on the strength of the Australian dollar from Stevens. Meanwhile, The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bullish and confirming the upside potential. Currently RSI is at 61.98, up from the last hourly print at 61.36, with ADX at 17.28, down from its previous close at 21.99. Daily RSI sits at 72.16, in neutral territory

AUD/JPY hourly levels

Spot is presently trading at 97.43, and next resistance can be seen at 97.49 (Daily Classic R2), 97.50 (Weekly Classic R1) and 97.71 (Daily Classic R3). First support below can be found at 97.35 (Hourly 20 EMA) and 97.30, 97.20 and 97 the figure.

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