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AUD/JPY claiming some positive territory

FXStreet (Barcelona) - AUD/JPY is trading at 93.80, having posted a daily high at 93.87 and low at 93.59.

Although USD/JPY gathering some ground back onto the 107 handle, AUD/JPY lost the 94 handle again and had fallen through 93.80 support. The pair has managed to move slightly away from the lows now and has left a more positive reading on the hourly charts. The 200 SMA is still declining though and currently at 93.98, down from the previous hour close at 95.02. Overall, the yen is strong still and attractive despite Japanese authorities talking the yen down. Meanwhile, from the calendar today, NAB business confidence came in at lowest level since Australian pre-election and read at 5 vs 8 previous, with NAB business conditions coming in at 1 vs 4 last.

AUD/JPY noteworthy levels

With spot trading at 93.80, we can see next resistance ahead at 93.85 (Hourly 20 EMA), 94.27 (Weekly Classic PP) and 94.33. Support below can be found at 93.64 (Daily Classic PP), 93.51 and 92.96 (Daily Classic S1).

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