AUD/JPY intraday: under pressure below 103.76
Our pivot point stands at 103.76.
Our preference: under pressure below 103.76.
Alternative scenario: above 103.76, look for 104.11 and 104.32.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 103.64 and 102.95).
Supports and resistances:
104.32 **
104.11 *
103.76 **
103.62
102.64 last
101.81
101.61 **
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.
CM Trade Mobile Application
Economics Calendar
More