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27 Nov 2014
AUD/JPY finds resistance at 101.00
FXStreet (Córdoba) - AUD/JPY rose further during the Asian session and reached at 101.04, the highest price in two days but failed to hold above 101.00 and pulled back.
The decline found support at 100.54, where an hourly uptrend line stands. A break lower could weaken the aussie and expose daily lows that lie at 100.30. Currently trades at 100.65, at the same level it closed yesterday.
AUD up after data
The aussie, supported by economic data from Australia (increase in new home sales and private capital expenditure) is among the best performers across the board, despite trimming gains during the last hours.
The decline found support at 100.54, where an hourly uptrend line stands. A break lower could weaken the aussie and expose daily lows that lie at 100.30. Currently trades at 100.65, at the same level it closed yesterday.
AUD up after data
The aussie, supported by economic data from Australia (increase in new home sales and private capital expenditure) is among the best performers across the board, despite trimming gains during the last hours.