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AUD/JPY intraday: the downside prevails as long as 94.19 is resistance
2023-10-03
837
Our pivot point stands at 94.19.
Our preference: the downside prevails as long as 94.19 is resistance.
Alternative scenario: above 94.19, look for 94.46 and 94.63.
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 94.32 and 94.79).
Supports and resistances:
94.63 **
94.46 *
94.19 **
94.08
93.93 last
93.59
93.42 **
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