NZD/JPY may rise to 94.73 - 96.99

Our pivot point is at 86.35.

Our preference

Rebound towards 96.99.

Alternative scenario

The downside breakout of 86.35 would call for 82.60 and 80.37.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 90.01 and 94.23).

Supports and resistances

101.50 **

99.25 *

96.99 **

94.73

89.83 last

87.83

86.35 **

82.60 *

80.37 **

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