OctaFX | OctaFX Forex Broker
Open trading account
Back

AUD/JPY consolidating the downside on key support

FXStreet (Guatemala) - AUD/JPY is currently trading at 83.75 with a high of 84.74 and a low of 83.66.

AUD/JPY is turning lower below the hourly MA's and is trading below the psychological 84 handle while equities are taking a beating in a bearish opening to the European and US markets at the last week of the month. We have plenty of risk events to cater for this week, including Nonfarm Payrolls on Friday.

AUD/JPY levels

Technically, AUD/JPY is trading below the 200, 50 and 20 SMA on the hourly chart and is garnering a little support at 83.80 with the 20 DMA at 84.78 as near term key resistance on a recovery. MACD is heading towards its mid-line on the daily and four-hour chart and less negative on the hourly as consolidation is taking fold. Next support comes at 83.40 and 82.90.

Evans: Fed should take “extra-patient approach” to raise rates

Chicago Federal Reserve Bank President, Charles L. Evans said today that he needs more confidence that inflation is heading toward the central bank’s target before calling for the first rate hike since 2006. Evans is currently a voter at the FOMC. t
Read more Previous

EUR/USD finds resistance at 1.1250

The rally of the EUR/USD pair from 1.1145 found resistance slightly below 1.1250. It peaked at 1.1247, the highest level since Thursday and then pulled back modestly.
Read more Next
Start livechat