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AUD/JPY intraday: the downside prevails as long as 93.97 is resistance
2023-10-03
461
Our pivot point stands at 93.97.
Our preference: the downside prevails as long as 93.97 is resistance.
Alternative scenario: the upside breakout of 93.97, would call for 94.24 and 94.41.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 94.14 and 94.66).
Supports and resistances:
94.41 **
94.24 *
93.97 **
93.86
93.75 last
93.41
93.24 **
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