AUD/JPY Intraday: the downside prevails as long as 99.31 is resistance
Oct 1, 2024 5:49 PM
the downside prevails as long as 99.31 is resistance.
Our pivot point is at 99.31.
Our preference:
the downside prevails as long as 99.31 is resistance.
Alternative scenario:
above 99.31, look for 99.90 and 100.26.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 99.08 and 99.36).
Supports and resistances:
100.26 **
99.90 *
99.31 **
99.07
98.83 last
97.71
97.36 **
97.01 *
96.65 **
Our preference:
the downside prevails as long as 99.31 is resistance.
Alternative scenario:
above 99.31, look for 99.90 and 100.26.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 99.08 and 99.36).
Supports and resistances:
100.26 **
99.90 *
99.31 **
99.07
98.83 last
97.71
97.36 **
97.01 *
96.65 **
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AUD/JPY
100.502
0.029
+0.03%