AUD/JPY




AUD/JPY


AUD/JPY intraday: the RSI is overbought

Our pivot point stands at 74.44.

Comment:
the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 74.56 and 74.40). Finally, the AUD/JPY is trading above its upper Bollinger band (standing at 74.67).

Alternative scenario:
the downside breakout of 74.44 would call for 74.22 and 74.08.

Our preference:
the upside prevails as long as 74.44 is support.





Related News




Latest News
Factbox: Timeline of the Russia doping case
07.12.2019 14:06
LAUSANNE, Switzerland (Reuters) - The World Anti-Doping Agency (WADA) will on Monday consider a recommendation from its compliance committee to hand Russia a four-year Olympic ban as part of a sanctions package to punish Moscow for handing WADA doctored and incomplete laboratory data. Russia, which has denied state involvement in doping, says the
Read more
Germany's SPD slip in polls after choosing new leftist leaders
07.12.2019 14:03
BERLIN (Reuters) - Support for Germany's Social Democrats (SPD) has fallen after members last week chose as leaders a leftist duo who are skeptical about remaining in government with Chancellor Angela Merkel's conservatives, a poll showed on Saturday. At a party conference on Friday, the SPD gave their new leaders, Saskia Esken and
Read more
United States and Iran swap prisoners in rare act of cooperation
07.12.2019 13:06
By Parisa Hafezi DUBAI (Reuters) - The United States and Iran swapped prisoners - a Chinese-American detained for three years on spying charges and an imprisoned Iranian - on Saturday in a rare act of cooperation between two longtime foes whose ties have worsened since President Donald Trump took office. Trump said Chinese-American Xiyue Wang was
Read more
Pope meets with Maltese PM hit by scandal over reporter's murder
07.12.2019 13:03
VATICAN CITY (Reuters) - Pope Francis on Saturday gave a private audience to outgoing Maltese Prime Minister Joseph Muscat, ignoring an appeal to cancel the meeting with a premier engulfed in crisis over a probe into a murdered journalist. Francis met Muscat and his wife and family on Saturday morning, the Vatican said, in an audience that was far
Read more
Buttigieg pledges billions to curb education disparities
07.12.2019 12:15
By Michael Martina DETROIT (Reuters) - Democratic presidential candidate Pete Buttigieg vowed on Saturday to spend hundreds of billions of dollars to improve public education if elected, with a plan that boosts funds for "underserved children" and expands early childhood learning. Buttigieg, who has campaign stops this weekend in Iowa where he has
Read more