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14 Feb 2014
AUD/JPY finds support at 91.10
FXStreet (Córdoba) - The AUD/JPY fell for the second day in a row weakened by the Australian jobs report, but managed to finished far from the lows. The decline from 92.50 found support at 91.10; the mentioned area capped the downside two times on Thursday.
During the American session, the Aussie gained momentum while the Yen weakened across the board, pushing the AUD/JPY to the upside, and trimmed losses, closing the day at 91.70/80, after finding resistance at 92.00.
AUD/NZD fails above 92.50, erases weekly gains
At the moment of writing the pair is trading at 91.75, at the same price level it had at the beginning of the week waiting for Chinese economic data. Despite rising in the previous two weeks still holds some bearish momentum but a weekly close above the important area located at 92.50 could boost the Aussie. While to the downside key support levels lie at 90.00 and below at 88.50.
During the American session, the Aussie gained momentum while the Yen weakened across the board, pushing the AUD/JPY to the upside, and trimmed losses, closing the day at 91.70/80, after finding resistance at 92.00.
AUD/NZD fails above 92.50, erases weekly gains
At the moment of writing the pair is trading at 91.75, at the same price level it had at the beginning of the week waiting for Chinese economic data. Despite rising in the previous two weeks still holds some bearish momentum but a weekly close above the important area located at 92.50 could boost the Aussie. While to the downside key support levels lie at 90.00 and below at 88.50.