NZD/JPY intraday: the downside prevails as long as

NZD/JPY intraday: the downside prevails as long as 75.05 is resistance

NZDJPY

Trading Central 2021-01-13 17:49:06

75.05 is our pivot point.

Our preference: the downside prevails as long as 75.05 is resistance.

Alternative scenario: the upside breakout of 75.05, would call for 75.26 and 75.39.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 74.88 and 74.86).

Supports and resistances:

75.39 **

75.26 *

75.05 **

74.96

74.79 last

74.51

74.38 **

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