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11 Jun 2014
AUD/JPY: Consolidation below 96.00 extends
FXStreet (Bali) - AUD/JPY is trading just below 96.00 key resistance, currently at 95.88, down -0.04% on the day, having posted a daily high at 95.98 and low at 95.86, as we transition from NY into Tokyo markets.
How strong has the move been?
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish. Currently RSI is at 51.58, down from the last hourly print at 56.84, with ADX at 15.12, down from its previous close at 16.76. Daily RSI sits at 64.85, in neutral territory. Looking to momentum indicators, the hourly 200 SMA is currently at 95.84, up from the last close at 95.19 and climbing. Over the past 20 days, the exponential average closing price is 94.99, and trending higher.
How volatile has AUD/JPY been?
Hourly 2-Standard Deviation Volatility Bandwidth is currently 23 pips, and has been expanding, while the ATR (14) is currently 10 pips. Daily 2-Standard Deviation Volatility Bandwidth is at 274 pips and expanding. The average movement for the current hour has been for 10 pips per hour, over the last four weeks.
What price levels and patterns have to be considered?
With spot trading at 95.90, we can see next resistance ahead at 95.92 (Monthly High), 95.92 (Weekly High), 95.93 (Daily Open), 95.98 (Daily High) and 95.99 (Yesterday's High). Support below can be found at 95.86 (Daily Classic PP), 95.86 (Hourly 20 EMA), 95.86 (Daily Low), 95.74 (Daily Classic S1) and 95.65 (Yesterday's Low).
How strong has the move been?
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish. Currently RSI is at 51.58, down from the last hourly print at 56.84, with ADX at 15.12, down from its previous close at 16.76. Daily RSI sits at 64.85, in neutral territory. Looking to momentum indicators, the hourly 200 SMA is currently at 95.84, up from the last close at 95.19 and climbing. Over the past 20 days, the exponential average closing price is 94.99, and trending higher.
How volatile has AUD/JPY been?
Hourly 2-Standard Deviation Volatility Bandwidth is currently 23 pips, and has been expanding, while the ATR (14) is currently 10 pips. Daily 2-Standard Deviation Volatility Bandwidth is at 274 pips and expanding. The average movement for the current hour has been for 10 pips per hour, over the last four weeks.
What price levels and patterns have to be considered?
With spot trading at 95.90, we can see next resistance ahead at 95.92 (Monthly High), 95.92 (Weekly High), 95.93 (Daily Open), 95.98 (Daily High) and 95.99 (Yesterday's High). Support below can be found at 95.86 (Daily Classic PP), 95.86 (Hourly 20 EMA), 95.86 (Daily Low), 95.74 (Daily Classic S1) and 95.65 (Yesterday's Low).