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28 Jan 2014
AUD/JPY break through 90.00 resistance
FXstreet.com (Bali) - The Australian Dollar was given an extra boost in Asian hours after a break of 90.00 in AUD/JPY.
AUD/JPY upside momentum continues
After testing the 90.00 resistance area in multiple occasions since the sharp drop from last week, the AUD/JPY is clearing an important area which should now provide technical cushion on dips. On the upside, 90.25/30 is the immediate resistance (Jan 23 low).
NAB bus conditions underpin AUD, but caution required
The Australian Dollar is enjoying improved sentiment after the ">Australian business conditions hit a 2½ year high. That being said, one should remember to be cautious playing AUD longs as the trend remains down, and January has proven a month notorious for counter-intuitive fake moves in the AUD on positive data.. ie retail sales, trade balance, cpi.
AUD/JPY upside momentum continues
After testing the 90.00 resistance area in multiple occasions since the sharp drop from last week, the AUD/JPY is clearing an important area which should now provide technical cushion on dips. On the upside, 90.25/30 is the immediate resistance (Jan 23 low).
NAB bus conditions underpin AUD, but caution required
The Australian Dollar is enjoying improved sentiment after the ">Australian business conditions hit a 2½ year high. That being said, one should remember to be cautious playing AUD longs as the trend remains down, and January has proven a month notorious for counter-intuitive fake moves in the AUD on positive data.. ie retail sales, trade balance, cpi.