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AUD/JPY in neutral territory for now

FXStreet (Guatemala) - AUD/JPY is trading at 93.04, down -0.09% on the day, having posted a daily high at 93.15 and low at 92.96.

AUD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish. However, the pair has been volatile yet again, and the ranges are widening while the waters are not clear even as we approach the end of the week. The markets are still being driven on risk sentiment and the Yen could well appreciate against the Aussie especially should commodities and EM’s come off and investors seek out the safe havens. Eyes on US data for potential catalysts Looking to a daily chart, we see that RSI is neutral at 32.70 for now.

RSI is in neutral territory at 52.57, down from it’s last hourly close at 53.75, while ADX is ranging above 30 at 18.83, down from 18.95 at the last hourly close. The 200 SMA is currently at 93.13, down from 94.28 at the last period close, and declining on the hourly AUD/JPY chart.

AUD/JPY noteworthy levels

Current price is 93.05, with resistance ahead at 93.12 (Daily Open), 93.24 (Daily Classic PP) and 93.28 (Weekly Low). Next support to the downside can be found at 92.91 (Hourly 20 EMA), 92.68 (Weekly Classic S1), 92.46 (Daily Classic S1) and 91.86 (Weekly Classic S2).

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