AUD/JPY intraday: the upside prevails as long as 106.74 is support
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Our pivot point stands at 106.74.
Our preference: the upside prevails as long as 106.74 is support.
Alternative scenario: below 106.74, expect 106.44 and 106.26.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 106.86 and 106.97).
Supports and resistances:
107.94 **
107.76 *
107.58 **
107.40
107.00 last
106.86
106.74 **
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