AUD/JPY intraday: as long as 87.05 is support look for 88.16

Our pivot point stands at 87.05.

Our preference: as long as 87.05 is support look for 88.16.

Alternative scenario: below 87.05, expect 86.65 and 86.42.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 87.41 and 87.31).

Supports and resistances:

88.63 **

88.39 *

88.16 **

87.92

87.44 last

87.20

87.05 **

86.65 *

86.42 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 03-28-2023 at 05:27 UTC+1

Price reference: 87.44 last known on 03-28-2023 at 05:27 UTC+1

Investment horizon: INTRADAY