AUD/JPY Intraday: the RSI is oversold
AUD/JPY (AUD/JPY)
-0.225-0.24%
the downside prevails as long as 92.92 is resistance.
Our pivot point stands at 92.92.
Our preference: the downside prevails as long as 92.92 is resistance.
Alternative scenario: above 92.92, look for 93.46 and 93.78.
Comment: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 93.16 and 93.86).
Supports and resistances:
93.78 **
93.46 *
92.92 **
92.71
92.40 last
91.74
91.42 **
91.10 *
90.78 **
Our preference: the downside prevails as long as 92.92 is resistance.
Alternative scenario: above 92.92, look for 93.46 and 93.78.
Comment: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 93.16 and 93.86).
Supports and resistances:
93.78 **
93.46 *
92.92 **
92.71
92.40 last
91.74
91.42 **
91.10 *
90.78 **
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