AUD/JPY Intraday: target 94.76
Sep 18, 2024 5:29 PM
target 94.76.
Our pivot point is at 96.53.
Our preference:
target 94.76.
Alternative scenario:
the upside breakout of 96.53, would call for 97.18 and 97.57.
Comment:
the RSI is below its neutrality area at 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 (96.09) but above its 50 period moving average (95.95).
Supports and resistances:
97.57 **
97.18 *
96.53 **
96.28
95.98 last
95.14
94.76 **
94.37 *
93.99 **
Our preference:
target 94.76.
Alternative scenario:
the upside breakout of 96.53, would call for 97.18 and 97.57.
Comment:
the RSI is below its neutrality area at 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 (96.09) but above its 50 period moving average (95.95).
Supports and resistances:
97.57 **
97.18 *
96.53 **
96.28
95.98 last
95.14
94.76 **
94.37 *
93.99 **
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Related Instruments
AUD/JPY
97.136
-0.045
-0.05%