AUD/JPY intraday: rebound
99.44 is our pivot point.
Our preference: rebound.
Alternative scenario: the downside breakout of 99.44 would call for 99.17 and 99.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (99.44) but under its 50 period moving average (99.81).
Supports and resistances:
100.54 **
100.37 *
100.21 **
100.05
99.67 last
99.54
99.44 **
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