AUD/JPY intraday: below its lower Bollinger band
73.08 is our pivot point.
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 72.97 and 72.99). Finally, the AUD/JPY has penetrated its lower Bollinger band (72.86).
Alternative scenario:
the upside breakout of 73.08, would call for 73.30 and 73.43.
Our preference:
the downside prevails as long as 73.08 is resistance.
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