Forex Trading: AUD/JPY Biggest Loser In Asian Session

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Forex Trading: AUD/JPY Biggest Loser In Asian Session

By Greg Michalowski on April 20, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

The AUD/JPY has been the biggest loser early in Asian trading, off over 1.5% on the session. However, this could create some opportunities as we see the pair heading toward the 21 day moving average, which has supported the pair over the last few months. Our old channel continues to hold and the 200 day moving average has already provided some resistance ahead of the 38.2% retracement level.

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