NZD/JPY intraday: the upside prevails as long as 7

NZD/JPY intraday: the upside prevails as long as 74.64 is support

NZDJPY

Trading Central 2021-01-13 03:13:07

74.64 is our pivot point.

Our preference: the upside prevails as long as 74.64 is support.

Alternative scenario: below 74.64, expect 74.43 and 74.30.

Comment: the RSI is above its neutrality area at 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 74.80 and 74.76).

Supports and resistances:

75.49 **

75.36 *

75.23 **

75.11

74.85 last

74.72

74.64 **

Disclaimer

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