AUD/JPY
AUD/JPY intraday: rebound
Our pivot point stands at 74.04.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the pair is trading above its 20 MA (74.12) but under its 50 MA (74.26).
Alternative scenario:
below 74.04, expect 73.82 and 73.69.
Our preference:
rebound.
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