AUD/JPY intraday: the downside prevails as long as 83.34 is resistance

Trading Central 2021-02-23 07:33:11

Our pivot point is at 83.34.

Our preference: the downside prevails as long as 83.34 is resistance.

Alternative scenario: the upside breakout of 83.34, would call for 83.58 and 83.73.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 83.15 and 83.19).

Supports and resistances:

83.73 **

83.58 *

83.34 **

83.25

83.14 last

82.83

82.69 **

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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