NZD/JPY Intraday: rebound towards 91.40

Apr 12, 2024 19:46
NZD/JPY (NZD/JPY)
0.047+0.05%
rebound towards 91.40.
image
Our pivot point is at 90.71.

Our preference: rebound towards 91.40.

Alternative scenario: the downside breakout of 90.71 would call for 90.46 and 90.32.

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 91.04 and 91.51).

Supports and resistances:
91.69 **
91.55 *
91.40 **
91.25
90.94 last
90.81
90.71 **
90.46 *
90.32 **

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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