AUD/JPY intraday: the upside prevails as long as 94.61 is support
Our pivot point stands at 94.61.
Our preference: the upside prevails as long as 94.61 is support.
Alternative scenario: the downside breakout of 94.61 would call for 94.25 and 94.03.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 94.68 and 94.65).
Supports and resistances:
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