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AUD/JPY intraday: the downside prevails as long as 72.89 is resistance
Our pivot point is at 72.89.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 72.79 and 72.87).
Alternative scenario:
above 72.89, look for 73.11 and 73.24.
Our preference:
the downside prevails as long as 72.89 is resistance.
Our pivot point is at 72.89.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 72.79 and 72.87).
Alternative scenario:
above 72.89, look for 73.11 and 73.24.
Our preference:
the downside prevails as long as 72.89 is resistance.