More from FXstreet.com

Forex: AUD/JPY dips below 93.00, finds 200-hr EMA

By FXstreet.com,  January 15, 2013, 11:14:00 PM EDT

FXstreet.com (San Francisco) - AUD/JPY is looking poised for a break below 93.00 support this afternoon as an extension of the JPY correction seen overnight. Spot has fallen to as low as 93, down around 80 pips from the NA close, and should it indeed target lower levels, 92.80 (Jan 7 high) is offered as immediate support. At the time of writing, the cross is testing bids through 92.86 at the top of the hour, now stalling at the 200-hr EMA. A break below there may open scope for a test of 23.6% Fibonacci retracement support at 89.85.




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

Referenced Stocks:



Latest News Video

Man, Not Economy, in Crisis, Says Pope
Man, Not Economy, in Crisis, Says P...
Chileans March For Marijuana Legalisation
Chileans March For Marijuana Legali...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.43 0.07  0.52%
CSCO $ 24.24 0.35  1.48%
MSFT $ 34.87 0.79  2.32%
F $ 15.08 0.44  3.01%
ARUN $ 13.10 4.51  25.61%
SIRI $ 3.50 0.05  1.45%
GE $ 23.46 0.19  0.82%
S $ 7.32 0.04  0.55%