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AUD/JPY hit heavy in Aussie events

FXStreet (Guatemala) - AUD/JPY is trading at 94.25, down -0.43% on the day, having posted a daily high at 94.69 and low at 94.17.

AUD/JPY has further extended the downside with first the release of the Home Loans at 0.2% missing 0.5% expectation and we are pressing down lower on daily support at the mid point of the handle. At the same time we have the RBA Monetary Policy Statement commented on yesterdays dismal result in the jobs data saying “Unemployment rate likely to remain elevated for some time, not decline until 2016”

AUD/JPY Levels

With spot trading at 94.25, we can see next resistance ahead at 94.29 (Daily Classic S1), 94.30 (Weekly Classic S3), 94.57 (Yesterday's Low), 94.61 (Monthly Low) and 94.65 (Daily Open). Support below can be found at 94.17 (Daily Low), 93.93 (Daily Classic S2), 93.86 (Daily 200 SMA), 93.28 (Daily Classic S3) and 88.37 (YTD Low).

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