Our pivot point is at 88.03.
Our preference: the downside prevails as long as 88.03 is resistance
Alternative scenario: above 88.03, look for 88.25 and 88.39.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 88.09 and 88.11). Finally, the NZD/JPY is trading below its lower Bollinger band (standing at 87.81).
Supports and resistances:
88.39 **
88.25 *
88.03 **
87.94
87.76 last
87.49
87.35 **
87.22 *
87.08 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-28-2025 at 06:46 UTC+1
Price reference: 87.76 last known on 10-28-2025 at 06:46 UTC+1
Investment horizon: INTRADAY
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