During the trading session AUD/JPY traded within the range of 95.03-95.39 and closed at 95.36, gaining 0.18% for the day and 0.62% for the week.
Fundamental view
Australia
The National Australia Bank (NAB) Business Confidence index probably rose to +7 last month, according to the median analysts’ projection. In March, the index stood at +4.
Japan
The Japanese Current Account surplus probably narrowed to 0.305 trillion yen in March, according to the median analysts’ estimate. In February the nation’s current account surplus stood at 0.613 trillion yen.
AUD/JPY manages to breach the first resistance level at 95.49, it will probably continue up to test 95.62. In case the second key resistance is broken, the pair will probably attempt to advance to 95.85.
If AUD/JPY manages to breach the first key support at 93.45, it will probably continue to slide and test 93.12. With this second key support broken, the movement to the downside will probably continue to 92.87.
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