Forex Trading: AUD/JPY Defended & Supported

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Forex Trading: AUD/JPY Defended & Supported

By Greg Michalowski on May 15, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

In what has been a very erratic marketplace, as correlations and obvious assumptions seem to be falling by the waist side, we are going back to basics, on the chart below we see the 21 - 4hr mavg resisting the pairs appreciation all week and 200 - 4hr moving average providing some support. We will watch these levels on this pair as the Aussie and Yen have been the biggest movers here lately.

audjpy2

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