NZDJPY Is Showing Weakness after RBNZ Kept Rates Unchanged
NZDJPY Is Showing Weakness after RBNZ Kept Rates Unchanged
🚨RBNZ kept the interest rate steady at 5.50%, as expected.
After this decision, NZDJPY faced a strong sell-off and appreciated by nearly 88 pips
NZDJPY also confirmed a bearish wedge pattern showing further downward movement.
However, as I explained previously selling XXXJPY pairs carries a high level of risk.
They will begin the bearish wave only when BOJ intervenes in the market.
But with the current data, this is what NZDJPY is showing...a small bearish move.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
🚨RBNZ kept the interest rate steady at 5.50%, as expected.
After this decision, NZDJPY faced a strong sell-off and appreciated by nearly 88 pips
NZDJPY also confirmed a bearish wedge pattern showing further downward movement.
However, as I explained previously selling XXXJPY pairs carries a high level of risk.
They will begin the bearish wave only when BOJ intervenes in the market.
But with the current data, this is what NZDJPY is showing...a small bearish move.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Note
Note
Trade closed: target reached
Note
NZDJPY - huge move down after the US CPI data
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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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.