AUD/JPY Intraday: the upside prevails as long as 96.96 is support
Sep 19, 2024 9:26 AM
the upside prevails as long as 96.96 is support.
Our pivot point stands at 96.96.
Our preference:
the upside prevails as long as 96.96 is support.
Alternative scenario:
below 96.96, expect 96.30 and 95.91.
Comment:
the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 97.11 and 96.51).
Supports and resistances:
99.61 **
99.22 *
98.82 **
98.43
97.60 last
97.22
96.96 **
96.30 *
95.91 **
Our preference:
the upside prevails as long as 96.96 is support.
Alternative scenario:
below 96.96, expect 96.30 and 95.91.
Comment:
the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 97.11 and 96.51).
Supports and resistances:
99.61 **
99.22 *
98.82 **
98.43
97.60 last
97.22
96.96 **
96.30 *
95.91 **
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Related Instruments
AUD/JPY
97.130
-0.051
-0.05%