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AUD/JPY intraday: rebound towards 95.08

2023-10-26
1184

Our pivot point stands at 94.08.

Our preference: rebound towards 95.08.

Alternative scenario: below 94.08, expect 93.71 and 93.49.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 94.54 and 94.93).

Supports and resistances:

95.52 **

95.30 *

95.08 **

94.86

94.39 last

94.23

94.08 **

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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