Our pivot point stands at 89.61.
Our preference: the upside prevails as long as 89.61 is support.
Alternative scenario: the downside breakout of 89.61 would call for 89.17 and 88.92.
Comment: the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. 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 19:52 UTC+1
Price reference: 90.01 last known on 04-13-2023 at 19:52 UTC+1
Investment horizon: INTRADAY