AUD/JPY intraday: as long as 94.47 is support look for 95.08
Our pivot point stands at 94.47.
Our preference: as long as 94.47 is support look for 95.08.
Alternative scenario: below 94.47, expect 94.24 and 94.10.
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 94.62 and 94.53).
Supports and resistances:
95.36 **
95.22 *
95.08 **
94.94
94.66 last
94.56
94.47 **
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