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13 Mar 2014
AUD/JPY breaks higher onto the 93 handle
FXStreet (Guatemala) - AUD/JPY had been building a case to head higher upon the 92.20 support level ahead of the rally that took the pair into new territories in the 93 handle.
AUD/JPY rallied up to meet 93.20 resistance on the up beat data with the Employment Change data for February. The Unemployment Rate s.a. (Feb) read as 6% in line with expectations but at the same time the Employment Change s.a. (Feb) was coming in at 47,300, smashing expectations of 18,000 the pair extended the upside breaking yesterdays highs. RSI (14) reads 61.17 only while the upside is supported on a bullish bias with EMA’s still serving the bulls with ammunition.
AUD/JPY rallied up to meet 93.20 resistance on the up beat data with the Employment Change data for February. The Unemployment Rate s.a. (Feb) read as 6% in line with expectations but at the same time the Employment Change s.a. (Feb) was coming in at 47,300, smashing expectations of 18,000 the pair extended the upside breaking yesterdays highs. RSI (14) reads 61.17 only while the upside is supported on a bullish bias with EMA’s still serving the bulls with ammunition.