Trend: The trend appears to be bearish, with the price moving below the 91.500 JPY level2
3
.
Support Levels: Key support levels to watch are 90.950 JPY and 90.500 JPY4
. A break below these levels could lead to further downside.
Resistance Levels: The nearest resistance is around 91.750 JPY5
. If the price fails to break above this level, it could reinforce the bearish outlook.
Technical Indicators: The Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum6
. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move7
.
Given these factors, it seems likely that NZDJPY could continue its downward trajectory in the near term. However, it's always important to consider other market factors and news that could impact the price.
3
.
Support Levels: Key support levels to watch are 90.950 JPY and 90.500 JPY4
. A break below these levels could lead to further downside.
Resistance Levels: The nearest resistance is around 91.750 JPY5
. If the price fails to break above this level, it could reinforce the bearish outlook.
Technical Indicators: The Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum6
. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move7
.
Given these factors, it seems likely that NZDJPY could continue its downward trajectory in the near term. However, it's always important to consider other market factors and news that could impact the price.
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.
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.