AUD/JPY Intraday: rebound towards 99.51

Apr 12, 2024 19:47
AUD/JPY (AUD/JPY)
0.008+0.01%
rebound towards 99.51.
image
98.70 is our pivot point.

Our preference: rebound towards 99.51.

Alternative scenario: the downside breakout of 98.70 would call for 98.41 and 98.24.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 99.11 and 99.67).

Supports and resistances:
99.85 **
99.68 *
99.51 **
99.34
98.98 last
98.81
98.70 **
98.41 *
98.24 **

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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