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2 Jul 2015
AUD/JPY holds below 94.00 after NFP
FXStreet (Córdoba) - AUD/JPY climbed to 94.45 during the Asian session but then weakened and accelerated to the downside after falling back below 94.00. Following the release of the US employment report bottomed at 93.61, the lowest level since Tuesday.
The pair bounced slightly to the upside during the American session but remained below 94.00.
The aussie is headed toward the second daily decline in a row, starting July with weakens after ending June with modest losses after being unable to rally above 96.00.
A weak aussie pushed the pair to the downside. The pair was unable to benefit from the rally of USD/JPY that climbed from near 122.00 toward 124.00.
AUD/JPY technical level
To the upside, resistance levels might lie at 94.05 (intraday), 94.45 (daily high) and 95.00 (July 1 high). On the opposite direction, support could be located at 93.60 (June 30 low), 93.20 and 93.00.
The pair bounced slightly to the upside during the American session but remained below 94.00.
The aussie is headed toward the second daily decline in a row, starting July with weakens after ending June with modest losses after being unable to rally above 96.00.
A weak aussie pushed the pair to the downside. The pair was unable to benefit from the rally of USD/JPY that climbed from near 122.00 toward 124.00.
AUD/JPY technical level
To the upside, resistance levels might lie at 94.05 (intraday), 94.45 (daily high) and 95.00 (July 1 high). On the opposite direction, support could be located at 93.60 (June 30 low), 93.20 and 93.00.