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AUD/JPY intraday: as long as 96.86 is resistance look for 95.87
2024-01-10
286
Our pivot point is at 96.86.
Our preference: as long as 96.86 is resistance look for 95.87.
Alternative scenario: above 96.86, look for 97.22 and 97.44.
Comment: the RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading above its 20 period moving average (96.51) but under its 50 period moving average (96.55).
Supports and resistances:
97.44 **
97.22 *
96.86 **
96.71
96.53 last
96.09
95.87 **
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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