NZD/JPY intraday: as long as 76.76 is support look

NZD/JPY intraday: as long as 76.76 is support look for 77.45

NZDJPY

Trading Central 2021-02-20 03:01:04

Our pivot point stands at 76.76.

Our preference: as long as 76.76 is support look for 77.45.

Alternative scenario: the downside breakout of 76.76 would call for 76.52 and 76.39.

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 above its 20 and 50 period moving average (respectively at 76.85 and 76.50).

Supports and resistances:

77.73 **

77.59 *

77.45 **

77.31

76.99 last

76.85

76.76 **

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