NZD/JPY Intraday: rebound towards 91.40

Apr 12, 2024 19:46
rebound towards 91.40.
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 **
90.94 last
90.71 **
90.46 *
90.32 **

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