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AUD/JPY intraday: rebound

2024-05-24
175

Our pivot point stands at 103.36.

Our preference: rebound.

Alternative scenario: below 103.36, expect 102.91 and 102.65.

Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (103.65) but under its 50 period moving average (103.79).

Supports and resistances:

105.07 **

104.81 *

104.54 **

104.28

103.74 last

103.53

103.36 **

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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