NZD/JPY intraday: the downside prevails as long as

NZD/JPY intraday: the downside prevails as long as 77.27 is resistance

NZDJPY

Trading Central 2021-02-23 03:10:13

Our pivot point stands at 77.27.

Our preference: the downside prevails as long as 77.27 is resistance.

Alternative scenario: above 77.27, look for 77.50 and 77.64.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 77.11 and 77.12).

Supports and resistances:

77.64 **

77.50 *

77.27 **

77.17

77.07 last

76.77

76.63 **

Disclaimer

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