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Alert - 17:30 (CET) - Aussie advances 1.31% against the Yen
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The AudJpy is trading at 60.05, ranging between 58.79 and 60.23. The current price is over yesterday's close at 58.82. Checking the hourly graphics, we see that the 20- and 50-day EMA (Exponential Mobile Average) are under the 200-day EMA.
The traders are watching the supports at 57.80 (December 12th low) and, if broken, they will observe the next at 55.59 (October 27th low). The resistances are set at 65.19 (January 9th high), 66.28 (January 6th high) and 70.00 (key).
Meanwhile, the current price is over the 0.00% (55.28) and under the 23.60% (70.97) Fibonacci retracement lines. The Relative Strenght Index (RSI) is at 63 points, near the overbought area. Also, the average volatility per hour is 150 pips.
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