AUD/JPY intraday: as long as 89.49 is support look for 90.77

Our pivot point stands at 89.49.

Our preference: as long as 89.49 is support look for 90.77.

Alternative scenario: the downside breakout of 89.49 would call for 89.06 and 88.80.

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 pair is trading under its 20 period moving average (89.95) but above its 50 period moving average (89.68).

Supports and resistances:

91.29 **

91.03 *

90.77 **

90.51

89.92 last

89.66

89.49 **

89.06 *

88.80 **

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 04-14-2023 at 03:54 UTC+1

Price reference: 89.92 last known on 04-14-2023 at 03:54 UTC+1

Investment horizon: INTRADAY