FXstreet.com (San Francisco) - AUD/JPY is trading at session lows in Asia, having edged down to as low as 80.45 this Monday from 80.90 late Friday.
Sentiment continues to take a hit on concern about a review of Spain's credit ratings and on China’s recent PMI readings in contraction.
Should the market maintain its downward tendencies, a 38.2% Fibonacci support level at 80.05 may offer support, then 79.65 (Sep 5 low) and 79.00 (50%, 74.44/83.46). To the upside, sellers might be found at 80.85 (9-hr EMA), 81.00 (figure) and 81.20 (Aug 28 low).
Markets in Australia, China, Hong Kong and South Korea are shut for holidays.
Sentiment continues to take a hit on concern about a review of Spain's credit ratings and on China’s recent PMI readings in contraction.
Should the market maintain its downward tendencies, a 38.2% Fibonacci support level at 80.05 may offer support, then 79.65 (Sep 5 low) and 79.00 (50%, 74.44/83.46). To the upside, sellers might be found at 80.85 (9-hr EMA), 81.00 (figure) and 81.20 (Aug 28 low).
Markets in Australia, China, Hong Kong and South Korea are shut for holidays.
