AUD/JPY Intraday: rebound towards 98.30
Nov 29, 2024 11:40 AM
rebound towards 98.30.
97.31 is our pivot point.
Our preference:
rebound towards 98.30.
Alternative scenario:
the downside breakout of 97.31 would call for 96.94 and 96.72.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 97.74 and 98.15).
Supports and resistances:
98.74 **
98.52 *
98.30 **
98.08
97.63 last
97.45
97.31 **
96.94 *
96.72 **
Our preference:
rebound towards 98.30.
Alternative scenario:
the downside breakout of 97.31 would call for 96.94 and 96.72.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 97.74 and 98.15).
Supports and resistances:
98.74 **
98.52 *
98.30 **
98.08
97.63 last
97.45
97.31 **
96.94 *
96.72 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
Related Instruments
AUD/JPY
98.255
0.331
+0.34%