NZD/JPY may fall 67 - 96 pips

90.99 is our pivot point.

Our preference

The downside prevails as long as 90.99 is resistance.

Alternative scenario

The upside breakout of 90.99, would call for 91.48 and 91.78.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 90.63 and 90.63).

Supports and resistances

91.78 **

91.48 *

90.99 **

90.80

90.60 last

89.93

89.64 **

89.35 *

89.05 **

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