AUD/JPY intraday: the downside prevails as long as

AUD/JPY intraday: the downside prevails as long as 80.61 is resistance

AUDJPY

Trading Central 2021-01-14 07:49:06

Our pivot point stands at 80.61.

Our preference: the downside prevails as long as 80.61 is resistance.

Alternative scenario: above 80.61, look for 80.84 and 80.98.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 80.38 and 80.44).

Supports and resistances:

80.98 **

80.84 *

80.61 **

80.52

80.38 last

80.08

79.95 **

Disclaimer

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