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NZD/JPY intraday: the upside prevails as long as 89.72 is support
2024-01-09
655
Our pivot point is at 89.72.
Our preference: the upside prevails as long as 89.72 is support.
Alternative scenario: the downside breakout of 89.72 would call for 89.34 and 89.11.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 89.93 and 89.95).
Supports and resistances:
91.21 **
90.98 *
90.75 **
90.53
90.04 last
89.87
89.72 **
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