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Supported Ahead Of ¥94 Handle

AUD

AUD/JPY extended losses on Friday as lower global equities weighed on the space, before support came in ahead of the ¥94 handle seeing the cross finish the week down ~1.2%.

  • In early dealing on Monday we sit ~0.2% above Fridays closing levels at ¥94.35/40.
  • Despite the retreat from early month highs we still remain in an uptrend. Bulls look to break the 20-Day EMA (¥94.91) to target high from 12 Oct (¥95.83) and high from 30 Sep (¥96.92).
  • On the downside bulls immediate focus is on the low from 13 Oct (¥94.05) which opens the 200-Day EMA (¥92.28) and the low from 28 Jul (¥91.80).

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