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NZD/JPY intraday: our next up target stands at 90.65
2024-01-09
958
Our pivot point is at 89.59.
Our preference: our next up target stands at 90.65.
Alternative scenario: the downside breakout of 89.59 would call for 89.21 and 88.98.
Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 89.90 and 89.93).
Supports and resistances:
91.11 **
90.88 *
90.65 **
90.42
89.95 last
89.74
89.59 **
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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