AUD/JPY intraday: the upside prevails as long as 94.79 is support
94.79 is our pivot point.
Our preference: the upside prevails as long as 94.79 is support.
Alternative scenario: the downside breakout of 94.79 would call for 94.42 and 94.20.
Comment: the RSI is above 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 94.89 and 94.70).
Supports and resistances:
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