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AUD/JPY intraday: the downside prevails as long as 94.93 is resistance

2023-10-23
1111

94.93 is our pivot point.

Our preference: the downside prevails as long as 94.93 is resistance.

Alternative scenario: above 94.93, look for 95.29 and 95.50.

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 stands above its 20 period moving average (94.62) but below its 50 period moving average (94.64).

Supports and resistances:

95.50 **

95.29 *

94.93 **

94.78

94.63 last

94.20

93.99 **

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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