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analysing NZD/JPY for Thursdayto Nov. 19, 2019



NZD/JPY intraday: as long as 69.59 is support look for 70.16
Our pivot point stands at 69.59.

Our preference: as long as 69.59 is support look for 70.16.

Alternative scenario: below 69.59, expect 69.39 and 69.27.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 69.75 and 69.59).

Supports and resistances:

70.40 **
70.28 *
70.16 **
70.04
69.78 last
69.67
69.59 **
69.39 *
69.27 **
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