NZDJPY Chart Technical Outlook Below 95.40, the next target is 94.15
The New Zealand Dollar’s rally seen in May has stalled in June. This has resulted in a sideways consolidation, with price action forming a Head & Shoulders pattern. This figure often signals a trend shift. Technical indicators are pointing lower
Immediate support is at 95.40. Below here, the H&S pattern’s target is 94.15. Resistances are 96.15 and 96.85.
