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NZD/JPY intraday: the downside prevails as long as 88.05 is resistance
2023-10-04
271
Our pivot point stands at 88.05.
Our preference: the downside prevails as long as 88.05 is resistance.
Alternative scenario: above 88.05, look for 88.27 and 88.41.
Comment: the RSI is below 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 88.14 and 88.52).
Supports and resistances:
88.41 **
88.27 *
88.05 **
87.96
87.85 last
87.56
87.42 **
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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