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15 Jan 2015
AUD/JPY trades above 200-DMA
FXStreet (Mumbai) - The AUD/JPY gained strength post the upbeat jobs report in Australia, to trade above the 200-DMA located on 96.70 levels.
The pair currently trades 1.23% higher at 96.80, compared to the previous session’s close at 95.64 levels. The Aussie gained 1% against the US dollar after the data showed the unemployment rate in Australia dipped to 6.1% in December as the economy added 37,400 jobs last month, beating the 5,000 expected. Meanwhile, the USD/JPY pair rose 0.30% to trade at 117.69, tracking a partial recovery in the US 10-yr treasury yields to 1.88%. Thus, the AUD/JPY pair was pushed above the 200-DMA level today.
AUD/JPY Technical Levels
The immediate resistance is seen at 96.96 (Dec. 13 high), above which gains could be extended to 97.49 (100-DMA) levels. Meanwhile, support is seen at 96.70 (200-DMA) and 95.64 levels.
The pair currently trades 1.23% higher at 96.80, compared to the previous session’s close at 95.64 levels. The Aussie gained 1% against the US dollar after the data showed the unemployment rate in Australia dipped to 6.1% in December as the economy added 37,400 jobs last month, beating the 5,000 expected. Meanwhile, the USD/JPY pair rose 0.30% to trade at 117.69, tracking a partial recovery in the US 10-yr treasury yields to 1.88%. Thus, the AUD/JPY pair was pushed above the 200-DMA level today.
AUD/JPY Technical Levels
The immediate resistance is seen at 96.96 (Dec. 13 high), above which gains could be extended to 97.49 (100-DMA) levels. Meanwhile, support is seen at 96.70 (200-DMA) and 95.64 levels.