30 Jan 2014
AUD/JPY consolidates above 90.00
FXstreet.com (Córdoba) - The AUD/JPY rose on Thursday and finished above 90.00, recovering part of Wednesday’s losses. Since the American session the pair has been moving in range between 90.00 and 90.30 consolidating gains.
AUD/JPY still facing pressure
During the American session the AUD/JPY broke above 89.60 and jumped to 90.45 (January 30 high) and made a moderate pull back afterwards. The rally of the pair was triggered by the Aussie, that was among the best performers on Thursday.
Despite the recovery the pair is still facing pressure. So far, since the beginning of the week has been moving in ranges, being able to recover and hold above 89.00 but the recovery from 88.50 (lowest price since September 2013) was capped below the 91.00 price area, that last week was a key support.
AUD/JPY still facing pressure
During the American session the AUD/JPY broke above 89.60 and jumped to 90.45 (January 30 high) and made a moderate pull back afterwards. The rally of the pair was triggered by the Aussie, that was among the best performers on Thursday.
Despite the recovery the pair is still facing pressure. So far, since the beginning of the week has been moving in ranges, being able to recover and hold above 89.00 but the recovery from 88.50 (lowest price since September 2013) was capped below the 91.00 price area, that last week was a key support.