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The Trend of the Day - AUD/JPY

November 4th, 2009 by

After gold reached an all time high inter-day at $1,084/ounce, AUD/JPY started to move higher from the once month lows at 79.45 to 82.41 currently. Aussie Yen should be able to retake the 85.00 handle in the coming days as risk appetite, rising commodity prices and anti-dollar sentiment all are winds at the back of this pair. 85.30 is the October 23rd high. the next level of daily resistance is at the

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The Trend of the Day - AUD/JPY

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