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AUD/JPY intraday: as long as 99.07 is resistance look for 98.27
2024-03-28
349
Our pivot point stands at 99.07.
Our preference: as long as 99.07 is resistance look for 98.27.
Alternative scenario: above 99.07, look for 99.34 and 99.50.
Comment: the RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 98.78 and 98.76).
Supports and resistances:
99.50 **
99.34 *
99.07 **
98.96
98.76 last
98.43
98.27 **
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.
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