OctaFX | OctaFX Forex Broker
Open trading account

AUD/JPY popping onto the 94 handle

FXStreet (Barcelona) - AUD/JPY is trading at 94.02, down -0.03% on the day, having posted a daily high at 94.12 and low at 93.80.

AUD/JPY has popped up onto the 94 handle and rides the latest set of positive data from the Chinese economy. The positive news this time around which accompanies the Industrial Production and GDP was the HSBC Manufacturing PMI that read 50.4 vs 50.2 expected and 50.2 previous. Nevertheless, we are still contained within the sideways channel and this is just a test of the resistance. The pair remains in negative territory until a convincing break of the 95 handle is achieved and while below 96.58, the pair will offer a neutral potion.

AUD/JPY noteworthy levels

Current price is 94.03, with resistance ahead at 94.06 (Daily Open), 94.07 (Daily Classic PP), 94.12 (Daily High), 94.57 (Daily Classic R1) and 94.58 (Daily 20 SMA). Next support to the downside can be found at 94.01 (Hourly 20 EMA), 93.95 (Weekly High), 93.80 (Daily Low), 93.80 (Hourly 100 SMA) and 93.63 (Hourly 200 SMA).

AUD/USD supported on China again

AUD/USD is trading at 0.8759, down -0.22% on the day, having posted a daily high at 0.8783 and low at 0.8751.
Read more Previous

Asian Recap: kiwi drops like stone, Aussie struggles to benefit on Chines PMI

It has been a busy day for antipodean currencies, while major pairs have been pretty quiet, going with the tide of stronger USD. New Zealand Consumer Price Index was a nasty surprise: the report published early in Asia signaled that the pricing pressure decreased in the third quarter.
Read more Next
Start livechat