AUD/JPY intraday: the downside prevails as long as 92.82 is resistance
Our pivot point is at 92.82.
Our preference: the downside prevails as long as 92.82 is resistance.
Alternative scenario: above 92.82, look for 93.42 and 93.79.
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 92.39 and 92.58).
Supports and resistances:
93.79 **
93.42 *
92.82 **
92.58
92.31 last
91.58
91.21 **
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