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5 Dec 2014
AUD/JPY trades choppy, consolidating above 100 levels
FXStreet (Mumbai) - The so-called Aussie is trading is in a tight range against the Japanese counterpart in a very data-light day. The pair is seen consolidating between the 100.30-100.62 range.
At the time of writing, the AUD/JPY pair trades at 100.46, 0.06% up from yesterday’s close of 100.42. The pair lacks support on both sides in absence of any major data in the early Asian trading. However, AUD/JPY remains underpinned after the yen fell to four year lows against the greenback, rising above 120 levels.
AUD/JPY Technical Levels
To the upside, the next resistance is located at 100.84 (Nov 30 High) and above which it could extend gains to 101.11 (Nov 27 High) and 101.23 (Dec 2 High) levels. To the downside immediate support might be located at 100.17 (Dec 4 Low), below that at 100.4 (Dec 1 Low) and 99.88 (Nov 26 Low).
At the time of writing, the AUD/JPY pair trades at 100.46, 0.06% up from yesterday’s close of 100.42. The pair lacks support on both sides in absence of any major data in the early Asian trading. However, AUD/JPY remains underpinned after the yen fell to four year lows against the greenback, rising above 120 levels.
AUD/JPY Technical Levels
To the upside, the next resistance is located at 100.84 (Nov 30 High) and above which it could extend gains to 101.11 (Nov 27 High) and 101.23 (Dec 2 High) levels. To the downside immediate support might be located at 100.17 (Dec 4 Low), below that at 100.4 (Dec 1 Low) and 99.88 (Nov 26 Low).