FxWirePro: NZD/JPY daily outlook
来源: FxWire Pro - Technicals / 28 七月 2019 06:46:13 America/New_York
NZD/JPY chart - Trading View
NZD/JPY is extending weakness for the 4th straight session.
The pair was trading at 72.28 at 02:30 GMT, down 0.14% at the time of writing.
Price action has resumed weakness after failure to break out of daily cloud.
Major trend is bearish. 'Shooting Star' pattern formed at highs raises scope for further downside.
Stochs have rolled over from overbought levels and RSI is biased lower. Minor pullback seems to have fizzled out.
The pair finds strong support at 72.29 (nearly converged 21 and 55 EMAs). Break below will see downside resumption.
Little support seen till Lower Bollinger band at 71.74. Further weakness could take the pair to 70.26 (June lows).
Breakout above could will negate any bearish bias. Scope for upside till 200-DMA.
Support levels - 72.29 (nearly converged 21 and 55 EMAs), 72, 71.74 (Lower BB)
Resistance levels - 72.52 (5-DMA), 73 (110-EMA), 73.24 (July 22 high)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
© FxWire Pro 2020. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.