BlueberryMarkets

VIDEO ANALYSIS: NZDJPY AT KEY DEMAND ZONE

Long
FX:NZDJPY   New Zealand Dollar / Japanese Yen
In this update, we take a look at NZDJPY as price finds support at the key demand zone.
The RBNZ did cut rates yesterday but stated that they don't see any further cuts in the near term.
This not so dovish outlook saw the price recover quickly from its earlier lows. Technically, we are
looking for price to form a double bottom pattern before getting long.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.