NZD/JPY may rise 61 - 91 pips

90.76 is our pivot point.

Our preference

Rebound towards 92.07.

Alternative scenario

Below 90.76, expect 90.26 and 89.96.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 91.23 and 91.39).

Supports and resistances

92.67 **

92.37 *

92.07 **

91.77

91.16 last

90.96

90.76 **

90.26 *

89.96 **

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