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7 Aug 2014
AUD/JPY
FXStreet (Bali) - AUD/JPY is selling-off following a disappointing Australian jobs report, which saw a significant miss in employment change and the jobless rate surge from 6% to 6.4%.
The pair is now testing bids near the 95.00 handle, where some solid buying interest should emerge, with the area 95.05-94.93 representing an important demand imbalance a per the origin of the rally from July 18th.
While on the upside any recovery should seen 94.40-50 capping the correction, a clean breakout of 94.93 could accelerate the decline towards next demand 94.40-60.
The pair is now testing bids near the 95.00 handle, where some solid buying interest should emerge, with the area 95.05-94.93 representing an important demand imbalance a per the origin of the rally from July 18th.
While on the upside any recovery should seen 94.40-50 capping the correction, a clean breakout of 94.93 could accelerate the decline towards next demand 94.40-60.