AUD/USD bounces off 13-month low while EUR/JPY, USD/JPY continue their ascent
AUD/USD bounces off 13-month low while EUR/JPY, USD/JPY continue their ascent into year-end.
AUD/USD bounces off 13-month low
AUD/USD's is seen bouncing off Wednesday's $0.6337 13-month low towards the October-to-December downtrend line at $0.6446.
Below $0.6337 lies the October 2023 low at $0.6271
EUR/JPY resumes ascent
EUR/JPY's rise off the August-to-December uptrend line at ¥156.18 has taken it to ¥160.69 with the 55-day simple moving average (SMA) at ¥162.35 being in focus, provided that Wednesday's low at ¥158.65 underpins.
If not, Monday's low at ¥157.87 and the ¥157.00 region may be revisited.
USD/JPY continues to rise
USD/JPY's advance has taken it above the 200-day SMA at ¥151.99 which now acts as minor support. Further down lies the 4 December high at ¥151.23.
Above this week's high at ¥152.86 beckons the 19 November low at ¥153.28.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Start trading forex today
Trade the largest and most volatile financial market in the world.
- Spreads start at just 0.6 points on EUR/USD
- Analyse market movements with our essential selection of charts
- Speculate from a range of platforms, including on mobile
Live prices on most popular markets
- Forex
- Shares
- Indices
