AUD/JPY intraday: the upside prevails as long as 8

AUD/JPY intraday: the upside prevails as long as 83.28 is support

AUDJPY

Trading Central 2021-02-24 12:28:05

Our pivot point stands at 83.28.

Our preference: the upside prevails as long as 83.28 is support.

Alternative scenario: the downside breakout of 83.28 would call for 83.04 and 82.90.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 83.41 and 83.27).

Supports and resistances:

84.30 **

84.16 *

84.02 **

83.88

83.50 last

83.38

83.28 **

Disclaimer

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