AUD/JPY Intraday: target 96.03
Sep 19, 2024 2:08 PM
target 96.03.
Our pivot point stands at 97.97.
Our preference:
target 96.03.
Alternative scenario:
the upside breakout of 97.97, would call for 98.63 and 99.02.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (97.39) but above its 50 period moving average (96.79).
Supports and resistances:
99.02 **
98.63 *
97.97 **
97.71
97.21 last
96.42
96.03 **
95.64 *
95.25 **
Our preference:
target 96.03.
Alternative scenario:
the upside breakout of 97.97, would call for 98.63 and 99.02.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (97.39) but above its 50 period moving average (96.79).
Supports and resistances:
99.02 **
98.63 *
97.97 **
97.71
97.21 last
96.42
96.03 **
95.64 *
95.25 **
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Related Instruments
AUD/JPY
97.149
-0.032
-0.03%