AUD/JPY Intraday: technical rebound towards 93.80 before a new drop
AUD/JPY (AUD/JPY)
+0.041+0.04%
technical rebound towards 93.80 before a new drop.
Our pivot point stands at 93.80.
Our preference: technical rebound towards 93.80 before a new drop.
Alternative scenario: the upside breakout of 93.80, would call for 94.59 and 95.06.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above its 20 period moving average (93.13) but under its 50 period moving average (93.16).
Supports and resistances:
95.06 **
94.59 *
93.80 **
93.49
93.16 last
92.20
91.73 **
91.26 *
90.79 **
Our preference: technical rebound towards 93.80 before a new drop.
Alternative scenario: the upside breakout of 93.80, would call for 94.59 and 95.06.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above its 20 period moving average (93.13) but under its 50 period moving average (93.16).
Supports and resistances:
95.06 **
94.59 *
93.80 **
93.49
93.16 last
92.20
91.73 **
91.26 *
90.79 **
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