AUD/JPY intraday: as long as 74.51 is support look for 75.11
Our pivot point stands at 74.51.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 74.70 and 74.68).
Alternative scenario:
the downside breakout of 74.51 would call for 74.29 and 74.16.
Our preference:
as long as 74.51 is support look for 75.11.