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NZD/JPY intraday: the upside prevails as long as 87.92 is support
2023-10-05
342
Our pivot point stands at 87.92.
Our preference: the upside prevails as long as 87.92 is support.
Alternative scenario: the downside breakout of 87.92 would call for 87.69 and 87.56.
Comment: the RSI is above 50. 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 88.01 and 87.97).
Supports and resistances:
88.87 **
88.74 *
88.61 **
88.47
88.16 last
88.00
87.92 **
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