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AUD/JPY intraday: the upside prevails as long as 94.28 is support
2023-09-12
1276
Our pivot point stands at 94.28.
Our preference: the upside prevails as long as 94.28 is support.
Alternative scenario: the downside breakout of 94.28 would call for 94.05 and 93.91.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 94.40 and 94.32).
Supports and resistances:
95.19 **
95.05 *
94.91 **
94.78
94.50 last
94.37
94.28 **
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