AUD,NZD/FXWW News/JPY crosses/Technical Analysis

AUD/JPY: First mover of the day, breaks short-term resistance

Short-term highs at 90.50 have been broken in AUD/JPY but I do not see this as an important level. The cross has been in sideways mode for a while now but if it can start re-establishing bases above 90.00 then that could be an important event.

AUD/USD resistance at .9250/60 is the more important level to watch with prior lows at .9325 just behind there.

  1. Very much so Papillon, best not to try picking the bottom though, wait and see if 9260 breaks AUDUSD and then start entering small I think is way to play it

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