AUD/JPY intraday: the downside prevails as long as 76.28 is resistance

Trading Central 2020-11-19 04:48:05

Our pivot point is at 76.28.

Our preference: the downside prevails as long as 76.28 is resistance.

Alternative scenario: the upside breakout of 76.28, would call for 76.64 and 76.86.

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 75.96 and 75.95).

Supports and resistances:

76.86 **

76.64 *

76.28 **

76.13

75.90 last

75.44

75.23 **

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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