Our pivot point is at 89.61.
Our preference: the upside prevails as long as 89.61 is support.
Alternative scenario: below 89.61, expect 89.17 and 88.92.
Comment: the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 89.66 and 89.41). Finally, the AUD/JPY is trading above its upper Bollinger band (standing at 89.98).
Supports and resistances:
91.33 **
91.08 *
90.82 **
90.56
90.01 last
89.78
89.61 **
89.17 *
88.92 **
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 04-13-2023 at 19:53 UTC+1
Price reference: 90.01 last known on 04-13-2023 at 19:53 UTC+1
Investment horizon: INTRADAY