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AUD/JPY remains in ranges below 95.60

FXStreet (Córdoba) - AUD/JPY continues to move sideways, hovering around 95.30. RBA decision and statement and the decline of the USD/JPY did not changed the current bias in the pair that holds steady below 95.60.

Since September 26 the pair moved within a trading range of 115 pips with resistance at 96.00 and support around 95.00. Momentarily traded below 95.00 but quickly bounced back above.

In the short term the key resistance lies at 95.55 (October 6, 7 high), and above here attention would turn to 96.00. To the downside, support lies at 95.20 (daily low) and below at 95.00.

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