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24 Feb 2014
AUD/JPY approaches 93.00 again
FXStreet (Córdoba) - The AUD/JPY started the week with a positive tone. It fell during the Asian session but gained momentum afterwards and rose, approaching 93.00, key resistance level.
During yesterday’s Asian session the pair dropped to 91.50 but bounced and started to recover ground and soared in the second half of the day, pushing the price to break 92.40/45 (February 17, 21 highs) and peaked at 92.75, the highest price since February 18. Afterwards pulled back slightly to finished the day barely above 92.50, with a gain of more than 50 pips.
Again AUD/JPY near 93.00
The Aussie is once again near the 93.00 key level. It is the third time so far on February that the AUD/JPY approaches that mark. If it breaks higher, it could accelerate to the upside and it would be trading at the highest level in at least five weeks.
During yesterday’s Asian session the pair dropped to 91.50 but bounced and started to recover ground and soared in the second half of the day, pushing the price to break 92.40/45 (February 17, 21 highs) and peaked at 92.75, the highest price since February 18. Afterwards pulled back slightly to finished the day barely above 92.50, with a gain of more than 50 pips.
Again AUD/JPY near 93.00
The Aussie is once again near the 93.00 key level. It is the third time so far on February that the AUD/JPY approaches that mark. If it breaks higher, it could accelerate to the upside and it would be trading at the highest level in at least five weeks.