AUD/JPY intraday: below its lower Bollinger band
Our pivot point stands at 97.96.
Our preference: the downside prevails as long as 97.96 is resistance.
Alternative scenario: above 97.96, look for 98.20 and 98.34.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 97.92 and 97.87). Finally, the AUD/JPY has penetrated its lower Bollinger band (97.72).
Supports and resistances:
98.34 **
98.20 *
97.96 **
97.86
97.71 last
97.41
97.27 **
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