AUD/JPY intraday: rebound

AUDJPY

Trading Central 2021-01-14 03:02:04

Our pivot point is at 80.25.

Our preference: rebound.

Alternative scenario: below 80.25, expect 80.02 and 79.88.

Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (80.42) but under its 50 period moving average (80.49).

Supports and resistances:

81.17 **

81.04 *

80.90 **

80.76

80.47 last

80.34

80.25 **

Disclaimer

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