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Alert - 17:50 (CET) - AudJpy
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The AudJpy is trading at 62.28, ranging between 60.58 and 62.29. The current price is over yesterday's close at 60.84. Checking the hourly graphics, we see that the 20- and 50-day EMA (Exponential Mobile Average) are over the 200-day EMA.
The resistances are being watched at 67.54 (November 11th high), 70.49 (October 20th high) and 72.39 (October 14th high). As the pair broke the resistances at 63.37 (November 20th low) and 62.94 (December 5th low), the traders are watching the next at 60.09 (October 27th low).
The aussie to climbed 2.02% against the Yen, helped by the strong rebound of Crude and Gold. Australia exports metal, and a small quantity of crude, which justifies the advance of its currency.
Meanwhile, the current price is over the 0.00% (54.86) and under the 23.60% (63.31) Fibonacci retracement lines. The Relative Strenght Index (RSI) is at 67 points, getting near to the overbought area. Also, the average volatility per hour is 160 pips.
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