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NZD/JPY ST: as long as 89.04 is support look for 93.42
2024-01-30
428
Our pivot point stands at 89.04.
Our preference: as long as 89.04 is support look for 93.42.
Alternative scenario: below 89.04, expect 87.46 and 86.52.
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 trading above both its 20 and 50 period moving average (respectively at 90.28 and 89.93).
Supports and resistances:
95.30 **
94.36 *
93.42 **
92.47
90.34 last
89.66
89.04 **
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