NZD/JPY intraday: rebound towards 74.97

NZDJPY

Trading Central 2021-01-14 04:45:07

Our pivot point is at 74.35.

Our preference: rebound towards 74.97.

Alternative scenario: the downside breakout of 74.35 would call for 74.14 and 74.01.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 74.64 and 74.79).

Supports and resistances:

75.23 **

75.10 *

74.97 **

74.85

74.55 last

74.43

74.35 **

Disclaimer

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