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5 Dec 2014
AUD/JPY a steady affair ahead of NFP’s
FXStreet (Guatemala) - AUD/JPY is trading at 100.53, up 0.09% on the day, having posted a daily high at 100.59 and low at 100.31.
AUD/JPY has been in consolidation mode since a choppy decent in a compounded drift to the downside and away from the 101 handle towards the close for the week. AUD/JPY is tucked in just below the (Hourly 100 SMA) on the pivot, ahead of 100.68 (Hourly 200 SMA) and 100.86 (Daily Classic R1) in neutral territory.
The cross has had it from both sides keeping it contained with demand in the greenback that took the Yen through the 120 handle for a short period over the ECB announcements in Europe while the Aussie has been offered on the week in broad dollar strength. The AUD/USD is settling in for a sideways consolidation below the 0.84 handle into the Asian closing session ahead of Nonfarm Payrolls in the US shift.
AUD/JPY has been in consolidation mode since a choppy decent in a compounded drift to the downside and away from the 101 handle towards the close for the week. AUD/JPY is tucked in just below the (Hourly 100 SMA) on the pivot, ahead of 100.68 (Hourly 200 SMA) and 100.86 (Daily Classic R1) in neutral territory.
The cross has had it from both sides keeping it contained with demand in the greenback that took the Yen through the 120 handle for a short period over the ECB announcements in Europe while the Aussie has been offered on the week in broad dollar strength. The AUD/USD is settling in for a sideways consolidation below the 0.84 handle into the Asian closing session ahead of Nonfarm Payrolls in the US shift.