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AUD/JPY intraday: above its upper Bollinger band

2024-07-12
345

Our pivot point is at 107.41.

Our preference: rebound towards 108.24.

Alternative scenario: the downside breakout of 107.41 would call for 107.10 and 106.92.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (107.41) but below its 50 period moving average (108.41). Finally, the AUD/JPY is trading above its upper Bollinger band (standing at 107.67).

Supports and resistances:

108.60 **

108.42 *

108.24 **

108.05

107.67 last

107.53

107.41 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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