AUD/JPY Stages Solid Comeback, Around 82 Handle
The AUD/JPY
cross staged a solid comeback from fresh monthly lows and recovered
almost one big figure from the previous close, mainly driven by yen’s
profit-taking slide across the board.
AUD/JPY receives double booster shot
The
AUD/JPY pair now jumps +1.05% to 82.05, fading a spike to 82.22 session
highs. The cross in the AUD/JPY recovered almost half the previous
slide and now consolidates the recovery in early Europe, awaiting fresh
cues on the overall market sentiment from the European session.
The
cross rebounded in Asia this Friday, largely back a robust recovery in
the USD/JPY pair as markets booked profits on their short positions
heading into the weekly close. While higher Aussie in response to the
rebounding oil prices also collaborated to the recovery in the prices.
AUD/JPY Technical Levels
To
the upside, the next resistance is located at 82.52 (1h 50-SMA) and
above which it could extend gains to at 82.90/83 (5-DMA/ round
number).To the downside immediate support might be located 81.68/53 (1h
10 & 20-SMA) below that at 81 (psychological levels).
(Market News Provided by FXstreet)
