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6 Feb 2015
AUD/JPY hovers below 92 handle
FXStreet (Mumbai) - The Australian dollar remained boosted against the Japanese yen in European morning, extending gains into the second straight session mainly due to Aussie strength.
Supported at 5-DMA
Currently, the AUD/JP trades higher by 0.38% on the day, at 92 levels, having recovered from intraday low at 91.59 posted earlier in the day. AUD/JPY extended gains largely on Aussie strength. The Australian dollar continued its uptrend versus the US counterpart supported by solid housing and construction sector data. Meanwhile, the yen steadies versus the US dollar amid lack of fresh incentives for the currency pair.
At the moment, AUD/USD trades at 0.7837, up 0.51% on the day, while USD/JPY trades lower by -0.17% at 117.33 levels.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 92.27 levels and above which it could extend gains to at 92.42 levels. To the downside immediate support might be located at 91.59 (5-DMA) levels below that at 91 levels.
Supported at 5-DMA
Currently, the AUD/JP trades higher by 0.38% on the day, at 92 levels, having recovered from intraday low at 91.59 posted earlier in the day. AUD/JPY extended gains largely on Aussie strength. The Australian dollar continued its uptrend versus the US counterpart supported by solid housing and construction sector data. Meanwhile, the yen steadies versus the US dollar amid lack of fresh incentives for the currency pair.
At the moment, AUD/USD trades at 0.7837, up 0.51% on the day, while USD/JPY trades lower by -0.17% at 117.33 levels.
AUD/JPY Levels to consider
To the upside, the next resistance is located at 92.27 levels and above which it could extend gains to at 92.42 levels. To the downside immediate support might be located at 91.59 (5-DMA) levels below that at 91 levels.