AUD/JPY intraday: the downside prevails as long as 72.97 is resistance
Our pivot point is at 72.97.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 72.90 and 72.95).
Alternative scenario:
above 72.97, look for 73.19 and 73.32.
Our preference:
the downside prevails as long as 72.97 is resistance.
Magazine
POPULAR TOPICS
Dawn George Michele Bachmann U.S. Debt Ceiling Katie Taylor Japan Disaster Justin Bieber David Cameron al-Qaeda Anthony Weiner Costa Concordia Disaster U.S. Credit Downgrade Kony Sarah Palin Lance Armstrong Pirates of the Caribbean Karen Bill Kathy Long Marathons Schwarzenegger Laila Ali Libyan Conflict Petraeus Affair Hurricane Irene Champions' League UK Riots Jeremy Lin Alicia Ashley iPad Becky Smith Wikileaks
THE %(site_name)s COMMUNITY
TOP MEMBERS
-
umkhaloodie
3864140 pt -
Ch
3396455 pt -
jesusmsanchezl
2453003 pt -
weddingblog2011
2205852 pt