DAILY ANALYSIS

AUD/JPYAUD/JPY

20240517 21:37

AUD/JPY intraday: the upside prevails as long as 103.88 is support

Our pivot point is at 103.88.

Our preference: the upside prevails as long as 103.88 is support.

Alternative scenario: the downside breakout of 103.88 would call for 103.43 and 103.16.

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 103.96 and 103.87).

Supports and resistances:

105.61 **

105.34 *

105.08 **

104.81

104.24 last

104.05

103.88 **

103.43 *

103.16 **

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 05-17-2024 at 21:37 UTC+1

Price reference: 104.24 last known on 05-17-2024 at 21:37 UTC+1

Investment horizon: INTRADAY

TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : ​https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf

AUD/NZDAUD/NZD

20240517 21:38

AUD/NZD intraday: the upside prevails as long as 1.0900 is support

1.0900 is our pivot point.

Our preference: the upside prevails as long as 1.0900 is support.

Alternative scenario: the downside breakout of 1.0900 would call for 1.0880 and 1.0880.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.0904 and 1.0904).

Supports and resistances:

1.0950 **

1.0940 *

1.0930 **

1.0930

1.0911 last

1.0900

1.0900 **

1.0880 *

1.0880 **

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 05-17-2024 at 21:38 UTC+1

Price reference: 1.0911 last known on 05-17-2024 at 21:38 UTC+1

Investment horizon: INTRADAY

TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : ​https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf

USD/CNHUSD/CNH

20240517 21:38

USD/CNH intraday: as long as 7.2254 is support look for 7.2500

Our pivot point is at 7.2254.

Our preference: as long as 7.2254 is support look for 7.2500.

Alternative scenario: below 7.2254, expect 7.2164 and 7.2111.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 7.2320 and 7.2283).

Supports and resistances:

7.2607 **

7.2553 *

7.2500 **

7.2446

7.2332 last

7.2290

7.2254 **

7.2164 *

7.2111 **

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 05-17-2024 at 21:38 UTC+1

Price reference: 7.2332 last known on 05-17-2024 at 21:38 UTC+1

Investment horizon: INTRADAY

TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : ​https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf

EUR/AUDEUR/AUD

20240517 21:38

EUR/AUD intraday: the downside prevails as long as 1.6268 is resistance

1.6268 is our pivot point.

Our preference: the downside prevails as long as 1.6268 is resistance.

Alternative scenario: the upside breakout of 1.6268, would call for 1.6307 and 1.6330.

Comment: the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.6264 and 1.6275).

Supports and resistances:

1.6330 **

1.6307 *

1.6268 **

1.6253

1.6237 last

1.6182

1.6160 **

1.6137 *

1.6114 **

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 05-17-2024 at 21:38 UTC+1

Price reference: 1.6237 last known on 05-17-2024 at 21:38 UTC+1

Investment horizon: INTRADAY

TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : ​https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf

GBP/AUDGBP/AUD

20240517 21:39

GBP/AUD intraday: the downside prevails as long as 1.9009 is resistance

1.9009 is our pivot point.

Our preference: the downside prevails as long as 1.9009 is resistance.

Alternative scenario: above 1.9009, look for 1.9056 and 1.9084.

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 stands below its 20 and 50 period moving average (respectively at 1.8995 and 1.8988).

Supports and resistances:

1.9084 **

1.9056 *

1.9009 **

1.8991

1.8972 last

1.8911

1.8883 **

1.8855 *

1.8827 **

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 05-17-2024 at 21:39 UTC+1

Price reference: 1.8972 last known on 05-17-2024 at 21:39 UTC+1

Investment horizon: INTRADAY

TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : ​https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf