Forex: AUD/JPY settles around 75.20

Wed, 09 Jun 2010 05:49:00 +0200

Forex: AUD/JPY settles around 75.20

FXstreet.com (Córdoba) - Except for the Aussie, no major movements were observed across the board along the current session. AUD/JPY opened Wednesday posting a fresh 3-day high at 75.81, but the Australian dollar weakened and pulled back.

After disappointing confidence data in Australia, the pair fell further and reached an intra session low at 74.92, however after that, the downside movement eased down.

Currently AUD/JPY is hovering around 75.20, 0.62% below its opening price. Next support could be found at 75.00; while next resistance might be faced at the 75.60/70 zone.

Technical Analysis (2010-06-09 02:33 GMT)

AUD/JPY 75.14/75.16 - O: 75.22 H: 75.23 L: 75.09 C: 75.13

Trend R3: 75.6664
R2: 75.4782
R1: 75.2900
S1: 74.7245
S2: 74.9122
S3: 75.1000