AUD/JPY intraday: target 93.67
Our pivot point stands at 94.43.
Our preference: target 93.67.
Alternative scenario: the upside breakout of 94.43, would call for 94.70 and 94.87.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (94.22) but above its 50 period moving average (94.09).
Supports and resistances:
94.87 **
94.70 *
94.43 **
94.32
94.18 last
93.83
93.67 **
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