NZD/JPY may rise 45 - 67 pips

Our pivot point stands at 95.79.

Our preference

The upside prevails as long as 95.79 is support.

Alternative scenario

Below 95.79, expect 95.42 and 95.20.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 95.81 and 95.88).

Supports and resistances

97.25 **

97.03 *

96.81 **

96.59

96.14 last

95.94

95.79 **

95.42 *

95.20 **

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