NZD/JPY intraday: rebound

NZDJPY

Trading Central 2021-01-14 03:08:06

74.52 is our pivot point.

Our preference: rebound.

Alternative scenario: below 74.52, expect 74.30 and 74.18.

Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (74.66) but under its 50 period moving average (74.80).

Supports and resistances:

75.36 **

75.23 *

75.10 **

74.98

74.72 last

74.60

74.52 **

Disclaimer

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