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AUD/JPY intraday: target 97.43
2024-03-08
869
98.08 is our pivot point.
Our preference: target 97.43.
Alternative scenario: the upside breakout of 98.08, would call for 98.31 and 98.44.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (97.95) but above its 50 period moving average (97.81).
Supports and resistances:
98.44 **
98.31 *
98.08 **
97.99
97.88 last
97.57
97.43 **
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