AUD/JPY intraday: the downside prevails as long as

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

AUDJPY

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 **

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