AUD/JPY Intraday: as long as 101.74 is support look for 102.95
Nov 7, 2024 11:31 AM
as long as 101.74 is support look for 102.95.
Our pivot point stands at 101.74.
Our preference:
as long as 101.74 is support look for 102.95.
Alternative scenario:
the downside breakout of 101.74 would call for 101.27 and 100.99.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 102.07 and 101.71).
Supports and resistances:
103.51 **
103.23 *
102.95 **
102.68
102.12 last
101.92
101.74 **
101.27 *
100.99 **
Our preference:
as long as 101.74 is support look for 102.95.
Alternative scenario:
the downside breakout of 101.74 would call for 101.27 and 100.99.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 102.07 and 101.71).
Supports and resistances:
103.51 **
103.23 *
102.95 **
102.68
102.12 last
101.92
101.74 **
101.27 *
100.99 **
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