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AUD/JPY intraday: rebound towards 94.52
2023-10-04
1027
93.72 is our pivot point.
Our preference: rebound towards 94.52.
Alternative scenario: the downside breakout of 93.72 would call for 93.44 and 93.28.
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 (93.93) but under its 50 period moving average (94.31).
Supports and resistances:
94.85 **
94.68 *
94.52 **
94.35
94.00 last
93.82
93.72 **
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