Our pivot point stands at 82.50.
Our preference: the upside prevails as long as 82.50 is support.
Alternative scenario: below 82.50, expect 82.18 and 81.99.
Comment: the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). 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 82.49 and 82.48). Finally, the NZD/JPY has crossed above its upper Bollinger band (82.77).
Supports and resistances:
83.78 **
83.59 *
83.40 **
83.20
82.79 last
82.62
82.50 **
82.18 *
81.99 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 03-30-2023 at 11:44 UTC+1
Price reference: 82.79 last known on 03-30-2023 at 11:44 UTC+1
Investment horizon: INTRADAY