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NZD/JPY intraday: as long as 88.38 is support look for 89.36
2023-09-26
743
88.38 is our pivot point.
Our preference: as long as 88.38 is support look for 89.36.
Alternative scenario: below 88.38, expect 88.03 and 87.82.
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 below its 20 period moving average (88.72) but above its 50 period moving average (88.51).
Supports and resistances:
89.78 **
89.57 *
89.36 **
89.15
88.71 last
88.52
88.38 **
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