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AUD/JPY intraday: rebound towards 94.49
2023-10-04
824
Our pivot point stands at 93.64.
Our preference: rebound towards 94.49.
Alternative scenario: the downside breakout of 93.64 would call for 93.37 and 93.20.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (93.98) but under its 50 period moving average (94.52).
Supports and resistances:
94.82 **
94.66 *
94.49 **
94.33
93.99 last
93.75
93.64 **
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