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AUD/JPY intraday: as long as 94.30 is support look for 94.91

2023-09-12
1130

Our pivot point stands at 94.30.

Our preference: as long as 94.30 is support look for 94.91.

Alternative scenario: the downside breakout of 94.30 would call for 94.07 and 93.93.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 94.44 and 94.36).

Supports and resistances:

95.19 **

95.05 *

94.91 **

94.78

94.49 last

94.39

94.30 **

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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