AUD/JPY Intraday: the downside prevails as long as 97.01 is resistance
Dec 5, 2024 3:01 AM
the downside prevails as long as 97.01 is resistance.
Our pivot point is at 97.01.
Our preference:
the downside prevails as long as 97.01 is resistance.
Alternative scenario:
above 97.01, look for 97.42 and 97.67.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 96.75 and 96.69).
Supports and resistances:
97.67 **
97.42 *
97.01 **
96.85
96.68 last
96.17
95.92 **
95.67 *
95.43 **
Our preference:
the downside prevails as long as 97.01 is resistance.
Alternative scenario:
above 97.01, look for 97.42 and 97.67.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 96.75 and 96.69).
Supports and resistances:
97.67 **
97.42 *
97.01 **
96.85
96.68 last
96.17
95.92 **
95.67 *
95.43 **
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Related Instruments
AUD/JPY
98.111
-0.122
-0.12%