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AUD/JPY intraday: as long as 98.67 is resistance look for 97.93
2024-04-02
803
98.67 is our pivot point.
Our preference: as long as 98.67 is resistance look for 97.93.
Alternative scenario: the upside breakout of 98.67, would call for 98.94 and 99.10.
Comment: the RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price stands above its 20 period moving average (98.43) but below its 50 period moving average (98.53).
Supports and resistances:
99.10 **
98.94 *
98.67 **
98.57
98.45 last
98.09
97.93 **
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