CM Trade

Download APP to receive bonus

GET

NZD/JPY intraday: the downside prevails as long as 87.53 is resistance

2023-10-23
1053

Our pivot point stands at 87.53.

Our preference: the downside prevails as long as 87.53 is resistance.

Alternative scenario: above 87.53, look for 87.84 and 88.03.

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 87.29 and 87.31).

Supports and resistances:

88.03 **

87.84 *

87.53 **

87.40

87.21 last

86.81

86.63 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More