AUDJPY
Our pivot point is at 80.26.
Our preference:
as long as 80.26 is support look for 81.08.
Alternative scenario:
the downside breakout of 80.26 would call for 79.96 and 79.78.
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 80.32 and 79.88).
Our preference:
as long as 80.26 is support look for 81.08.
Alternative scenario:
the downside breakout of 80.26 would call for 79.96 and 79.78.
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 80.32 and 79.88).
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