AUD/JPY’s Break Of Records

January 6, 2013 in Chart Alert

After AUD/JPY started to move up from the ranges of 60’s from early 2009, it always failed miserably below the psychological level of 90, except one occasion when it touched 90.03 before it fell again very strongly. Another cycle was that every peak was close to 1 year after the previous. This time AUD/JPY broke all those records.

For past 8 weeks the price action has been contiguously over 5-week EMA and that level has been acting as support level. The current 5 week EMA is near 90.20.

AUD/JPY Weekly Chart

AUD/JPY Chart- 5 week EMA support

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