NZD/JPY:FULL FUNDAMENTAL ANALYSIS + PRICE ACTION|SHORT SETUP đź””
New Zealand Retail Card Spending for June increased 0.9% monthly and 4.0% monthly. Forex traders can compare this to New Zealand Retail Card Spending for May, which increased 1.7% monthly and 18.1% monthly.
Japanese Machine Orders for May increased 7.8% monthly and 12.2% annualized. Economists predicted an increase of 2.6% and 6.3%. Forex traders can compare this to Japanese Machine Orders for April, which increased 0.6% monthly and 6.5% annualized. The Japanese PPI for June increased 0.6% monthly and 5.0% annualized. Economists predicted an increase of 0.6% and 4.7% annualized. Forex traders can compare this to the Japanese PPI for May, which increased 0.8% monthly and 5.1% annualized.
The forecast for the NZD/JPY remains bearish after this currency pair paused its sell-off and stabilized at a minor support level.
Can bears keep selling pressure on the NZD/JPY intact and force it into its horizontal support area?
Japanese Machine Orders for May increased 7.8% monthly and 12.2% annualized. Economists predicted an increase of 2.6% and 6.3%. Forex traders can compare this to Japanese Machine Orders for April, which increased 0.6% monthly and 6.5% annualized. The Japanese PPI for June increased 0.6% monthly and 5.0% annualized. Economists predicted an increase of 0.6% and 4.7% annualized. Forex traders can compare this to the Japanese PPI for May, which increased 0.8% monthly and 5.1% annualized.
The forecast for the NZD/JPY remains bearish after this currency pair paused its sell-off and stabilized at a minor support level.
Can bears keep selling pressure on the NZD/JPY intact and force it into its horizontal support area?
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🔥 ZERO SPREAD BROKER: forexn1.com/usa/
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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.