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NZD/JPY intraday: as long as 89.97 is support look for 91.05
2024-01-05
1023
89.97 is our pivot point.
Our preference: as long as 89.97 is support look for 91.05.
Alternative scenario: the downside breakout of 89.97 would call for 89.59 and 89.37.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (90.28) but above its 50 period moving average (90.18).
Supports and resistances:
91.49 **
91.27 *
91.05 **
90.83
90.27 last
90.11
89.97 **
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