AUD/JPY Intraday: under pressure below 97.78
Sep 19, 2024 8:24 PM
under pressure below 97.78.
Our pivot point stands at 97.78.
Our preference:
under pressure below 97.78.
Alternative scenario:
above 97.78, look for 98.44 and 98.83.
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 trading under both its 20 and 50 period moving average (respectively at 97.41 and 97.11).
Supports and resistances:
98.83 **
98.44 *
97.78 **
97.52
97.10 last
96.31
95.92 **
95.53 *
95.14 **
Our preference:
under pressure below 97.78.
Alternative scenario:
above 97.78, look for 98.44 and 98.83.
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 trading under both its 20 and 50 period moving average (respectively at 97.41 and 97.11).
Supports and resistances:
98.83 **
98.44 *
97.78 **
97.52
97.10 last
96.31
95.92 **
95.53 *
95.14 **
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Related Instruments
AUD/JPY
96.864
-0.317
-0.33%