NZD/JPY may rise to 95.68 - 97.77

Our pivot point stands at 87.94.

Our preference

The upside prevails as long as 87.94 is support.

Alternative scenario

Below 87.94, expect 84.45 and 82.37.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 90.65 and 89.59).

Supports and resistances

101.96 **

99.87 *

97.77 **

95.68

91.27 last

89.31

87.94 **

84.45 *

82.37 **

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