AUD/JPY intraday: the upside prevails as long as 94.13 is support
Our pivot point is at 94.13.
Our preference: the upside prevails as long as 94.13 is support.
Alternative scenario: below 94.13, expect 93.90 and 93.77.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 94.32 and 94.29).
Supports and resistances:
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