AUDJPY Long
94.24 is our pivot point.
Our preference:
as long as 94.24 is support look for 95.54.
Alternative scenario:
below 94.24, expect 93.74 and 93.45.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 94.57 and 94.37).
Our preference:
as long as 94.24 is support look for 95.54.
Alternative scenario:
below 94.24, expect 93.74 and 93.45.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 94.57 and 94.37).
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