NZD/JPY may rise 43 - 64 pips

93.60 is our pivot point.

Our preference

Rebound towards 94.52.

Alternative scenario

Below 93.60, expect 93.26 and 93.05.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 93.88 and 94.18).

Supports and resistances

94.93 **

94.72 *

94.52 **

94.31

93.88 last

93.73

93.60 **

93.26 *

93.05 **

Number of asterisks represents the strength of support and resistance levels.