NZD/JPY holds minor support at 74.43, upside could test 75.45

FX:NZDJPY   New Zealand Dollar / Japanese Yen
138 0
Renewed weakness in NZ dairy prices overnight (GDT-TWI down 2.9%) kept the Kiwi weak. NZD/JPY tested lows of 74.43.

Our previous call (link below) has achieved targets.

Yen weakness across the board is keeping the pair from extending downside, NZD/JPY has pared losses and is currently trading around 74.90.

On the 2 hourly charts, momentum has turned positive, RSI and Stochs have rolled over from oversold territory and MACD line is on the verge of a bullish crossover on signal line.

Immediate support and resistance are aligned at 74.45 ( trendline ) and 75.50 (Jan 20th highs) respectively.

Good to buy dips around 74.75/80, SL: 74.40, TP: 75.15/75.45
Trade active: All targets on the call are achieved.

The pair is seeing some weakness after hitting highs of 76.42.

Low risk traders can book profits and exit trade.

We see some upside left, weakness below 75.45.
Trade closed: target reached: Sees multiple rejections at channel top resistance. Upside only on breaks above.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out