NZDJPY Chart Technical Outlook

NZDJPY Chart Technical Outlook heads south toward 88.00 after weak data from New Zealand
NZD/JPY is under pressure after today’s weaker print in the Business NZ PMI. The broad bias is bullish, and dips should find buyers. A short-term downside price action is possible if the risk-off sentiment continues from yesterday’s strong US Inflation data.
Prices stalled at the previous month’s high and bounced lower. They have room for the downside. A break of 88.00 opens the door for 87.50, cluster support of previously broken resistance, and trendline support.
Resistances are located at 89.30 and 90.00.

We will be happy to hear your thoughts

      Leave a reply

      error: Content is protected !!
      Compare items
      • Total (0)