AUD/JPY Intraday: under pressure below 93.88
AUD/JPY (AUD/JPY)
+0.647+0.69%
under pressure below 93.88.
Our pivot point stands at 93.88.
Our preference: under pressure below 93.88.
Alternative scenario: the upside breakout of 93.88, would call for 94.26 and 94.49.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 93.51 and 93.42).
Supports and resistances:
94.49 **
94.26 *
93.88 **
93.72
93.36 last
92.86
92.63 **
92.40 *
92.17 **
Our preference: under pressure below 93.88.
Alternative scenario: the upside breakout of 93.88, would call for 94.26 and 94.49.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 93.51 and 93.42).
Supports and resistances:
94.49 **
94.26 *
93.88 **
93.72
93.36 last
92.86
92.63 **
92.40 *
92.17 **
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