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AUD/JPY testing hourly support

By   || August 24, 2010 at 01:39 GMT
|| 1 comment || Add comment

AUD/JPY is currently testing hourly support at 75.40. The next level below here is a daily low at 74.60.

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One Response to “AUD/JPY testing hourly support”

  1. Raj on August 24th, 2010 02:19 GMT

    AUDUSD looks set for an interesting price action in the next 24 hours. A confluence of SMA’s are supporting it now. 100-d SMA at 0.8835 (price bounced from it twice in the last 2 days); 50-d SMA at 0.8838, Boll Band at 0.8827. 5-day EMA is resistance, now at 0.8919. BB bending south implies that the support is getting weaker by the hour.

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