Our pivot point is at 82.44.
Our preference: the downside prevails as long as 82.44 is resistance.
Alternative scenario: above 82.44, look for 82.79 and 83.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 82.39 and 82.22). Finally, the NZD/JPY is trading below its lower Bollinger band (standing at 82.04).
Supports and resistances:
83.00 **
82.79 *
82.44 **
82.30
81.89 last
81.46
81.25 **
81.04 *
80.83 **
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 03-22-2023 at 21:04 UTC+1
Price reference: 81.89 last known on 03-22-2023 at 21:04 UTC+1
Investment horizon: INTRADAY