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NZD/JPY intraday: the downside prevails as long as 86.86 is resistance
2023-09-12
1082
Our pivot point is at 86.86.
Our preference: the downside prevails as long as 86.86 is resistance.
Alternative scenario: above 86.86, look for 87.06 and 87.19.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 86.74 and 86.75).
Supports and resistances:
87.19 **
87.06 *
86.86 **
86.77
86.68 last
86.41
86.29 **
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