FXstreet.com (San Francisco) - Little of interest is happening in FX this Tuesday with the economic calendar thin with market-moving event releases, but AUD/JPY is inching higher on a bout of broad aussie strength after some AUD- positive China data. Overall, the cross is practically unchanged so far today, last quoted near the intraday high at 81.25 (81.08-81.29 range) with immediate resistance noted at 81.37 (50-hr EMA), then 81.60 (50% Fibo, 83.56/79.65 decline). If price reverses and regains the downside, a break of support at 80.90 would then target 80.55 (23.6%, mentioned decline). Daily RSI hovers in neutral territory at 45, while intraday timeframes suggest the indicator holds bullish scope.
Forex: AUD/JPY somewhat positive, resistance at 50-hr EMA
Tue, Sep 25 2012, 03:38 GMT | FXstreet.com
AUD/JPY May 26 at 22:38 GMT
97.57/58 (0.00%)
H97.58 L 97.58
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
