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