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Aussie, NZD dollars finish higher vs. yen

By FXstreet.com,  June 27, 2012, 05:52:00 PM EDT

FXstreet.com (San Francisco) - The Australian and New Zealand dollars closed stronger against the Japanese yen Wednesday, boosted along with risk appetite and U.S. stocks following positive economic data that included pending home sales and durable goods orders.

AUD/JPY was quoted closing New York at 80.33 compared with 80.01 at the close Tuesday. USD/JPY finished the day higher at 79.70 vs. 79.50.

NZD/JPY traded as high as 63.18 before closing the North American session at 63.08 vs. 62.85 late Tuesday; should the cross attempt any bullish movement in the hours ahead, the upside may encounter selling interest at the 200-day EMA at 63.31. Immediately above there lies key Fibonacci resistance at 63.50 (50%, 69.10/57.93 downswing). Support is noted at 62.93 (intraday).




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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