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AUD/JPY intraday: the downside prevails as long as 94.91 is resistance

2023-10-23
343

Our pivot point is at 94.91.

Our preference: the downside prevails as long as 94.91 is resistance.

Alternative scenario: the upside breakout of 94.91, would call for 95.27 and 95.49.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 94.65 and 94.64).

Supports and resistances:

95.49 **

95.27 *

94.91 **

94.77

94.60 last

94.08

93.86 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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