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AUD/JPY intraday: as long as 98.83 is support look for 99.36
2024-03-26
769
Our pivot point stands at 98.83.
Our preference: as long as 98.83 is support look for 99.36.
Alternative scenario: the downside breakout of 98.83 would call for 98.62 and 98.50.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (99.01) but above its 50 period moving average (98.93).
Supports and resistances:
99.60 **
99.48 *
99.36 **
99.24
98.99 last
98.91
98.83 **
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