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AUD/JPY intraday: as long as 93.97 is support look for 94.78
2023-10-05
752
Our pivot point stands at 93.97.
Our preference: as long as 93.97 is support look for 94.78.
Alternative scenario: the downside breakout of 93.97 would call for 93.69 and 93.52.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 94.25 and 94.17).
Supports and resistances:
95.11 **
94.95 *
94.78 **
94.62
94.28 last
94.08
93.97 **
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