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AUD/JPY Holds The 75.00 Handle as Consolidation Continues

Posted on May 27, 2009 at 2:10 in Commentary, Market Analysis by Tim Salem

Greetings once again, Everyone!

A few Hours after our Last Post, our Aussie Yen Friend is still holding tightly to the Clear 75.00 Handle of Daily Static Resistance on the IntraDay Hourly View.

Most Asian Bourses picked up where the Bullish Sentiment of the Dow and NASDAQ left off in Overnight Sessions, as The Dollar and Yen continue with subtle Ranging Accumulation in most Units.

The Kiwi is also holding Gains under an IntraDay Retracement, as another potential “Re-Test” of .6165 new “Transitive Rollover” Support may be seen. If this does not come to Fruition, then a “Test” to the Upside of the Hourly Range sees the 127% Fib Variant at .6260’s Dynamic Resistance in View.

Let’s also check in with the new June 2009 Crude Futures Contract, where Oil is consolidating in a Range of just under $5.00 moving forward… as the Continuous Contract on the NYMEX hit new Highs yesterday… The Futures Contract clocks in slightly lower as of Post-Time.

Here are the Hourly Captures of the Two, and the Daily of Crude of minus “New” Commentary this time… since previous Comments were still Valid from our last Post… as we head into the European Session in a few Minutes.

Post-Time is right at 8:00 GMT.

 

 

 

 

 

 

 

 

 

As always, here is the “Currency Majors Technical Perspective” Report, for more of an Immediate-Look at the Four Majors moving into the Session as well!

We will check in for more Updates throughout The Session and The Day… So please join me as usual!

:-)

 

 

 

Tags: accumulation, AUD/JPY, Australia, consolidation, crude oil, Europe, New Zealand, NZD/USD, OPEC, Price, range, resistance, support

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