AUD/JPY may fall 73 - 106 pips

95.94 is our pivot point.

Our preference

The downside prevails as long as 95.94 is resistance.

Alternative scenario

Above 95.94, look for 96.50 and 96.84.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 95.98 and 96.02).

Supports and resistances

96.84 **

96.50 *

95.94 **

95.71

95.49 last

94.76

94.43 **

94.09 *

93.75 **

Number of asterisks represents the strength of support and resistance levels.