AUD/JPY Intraday: rebound
Nov 20, 2024 8:58 PM
rebound.
Our pivot point is at 100.62.
Our preference:
rebound.
Alternative scenario:
below 100.62, expect 100.17 and 99.90.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (101.03) but below its 50 period moving average (101.14).
Supports and resistances:
102.44 **
102.17 *
101.90 **
101.63
101.07 last
100.80
100.62 **
100.17 *
99.90 **
Our preference:
rebound.
Alternative scenario:
below 100.62, expect 100.17 and 99.90.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (101.03) but below its 50 period moving average (101.14).
Supports and resistances:
102.44 **
102.17 *
101.90 **
101.63
101.07 last
100.80
100.62 **
100.17 *
99.90 **
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Related Instruments
AUD/JPY
100.784
-0.305
-0.30%