AUD/JPY Intraday: Rebound expected
AUD/JPY (AUD/JPY)
-0.035-0.03%
In spite of the current correction, a rebound near 111.45 is expected as long as 110.37 is still intact
Our pivot point is at 110.37.
Our preference: In spite of the current correction, a rebound near 111.45 is expected as long as 110.37 is still intact
Alternative scenario: below 110.37, expect 110.00 and 109.78.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. The price stands above its 20 period moving average (110.51) but below its 50 period moving average (110.76). The AUD/JPY is trading above its upper Bollinger band (standing at 110.72).
Supports and resistances:
111.67 *
111.45 **
111.23
110.72 last
110.37 **
110.00 *
109.78 **
Our preference: In spite of the current correction, a rebound near 111.45 is expected as long as 110.37 is still intact
Alternative scenario: below 110.37, expect 110.00 and 109.78.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. The price stands above its 20 period moving average (110.51) but below its 50 period moving average (110.76). The AUD/JPY is trading above its upper Bollinger band (standing at 110.72).
Supports and resistances:
111.67 *
111.45 **
111.23
110.72 last
110.37 **
110.00 *
109.78 **
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