NZDJPY Chart Technical Outlook is heading lower towards 90.60-80 support following downbeat data from China.
The New Zealand Dollar is trading lower on Friday as the macro data released on China, New Zealand’s main trading partner, reveals that the troubles in the property sector are far from solved despite the stimulus measures of Chinese authorities.
Beyond that, the USD/JPY has reached levels that triggered intervention in previous occasions, which is likely to keep Yen sellers in check.
The near-term trend is bearish, with price action trending towards the support area at 90.60-80. Below here, next is the 90.00 round level. Resistances are at 91.90 and 92.40.
