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AUD/JPY unable to recover, consolidates below 94.00

FXStreet (Córdoba) - AUD/JPY is falling on Tuesday after a short lived recovery. Yesterday bottomed at 92.83, reaching the lowest since March but then rebounded sharply.

During the Asian session rose further and peaked at 94.50 before losing momentum. Afterwards pulled back sharply and on European hours broke below 93.50 (previous low) and bottomed at 93.15.

So far AUD/JPY has been able to hold above yesterday’s low. The pair is consolidating, moving in a range between 93.60 and 93.15.

AUD/JPY technical levels

To the upside, immediate resistance lies at 93.55/65 (American session high) and above here at 93.80 and 94.30 (Oct 13 high). On the opposite direction, support might be located at 93.15 (daily low ) and below at 93.00 and 92.80/85 (Oct 13 low).

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