NZD/JPY may rise to 99.93 - 101.47

Our pivot point stands at 93.89.

Our preference

As long as 93.89 is support look for 101.47.

Alternative scenario

Below 93.89, expect 91.33 and 89.81.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 95.34 and 93.09).

Supports and resistances

104.55 **

103.01 *

101.47 **

99.93

95.92 last

94.90

93.89 **

91.33 *

89.81 **

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