In Wednesday's session, the NZD/JPY pair saw a small correction to 96.40 but remains at its highest level since July 2007 at around 96.70.
The daily chart continues to flash overbought signals despite a slight correction, with the overall uptrend still intact. Despite a minor dip to 96.40, NZD/JPY remains near its multi-year peak. The critical support level for the pair remains firmly at 95.00, marking a pivotal level to ward off losses. In Wednesday's session, the NZD/JPY pair saw a small correction to 96.40 but remains at its highest level since July 2007 at around 96.70.
NZD/JPY hourly chart In a broader context, the NZD/JPY continues to display a strong uptrend, as shown by its position above the 20, 100, and 200-day Simple Moving Averages . Despite the slight correction, the pair's short-term gains still overshadow its medium and long-term averages. As the looming correction gains momentum, any further downward movements should ideally keep the pair above its SMAs. Crucial to the monitoring is the first strong support level observed at 95.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
NZD/JPY Price Analysis: Bullish momentum sustains, potential correction looms on overbought conditionsOn Tuesday's session, the NZD/JPY pair rose to 96.62 it highest level since July 2007.
Lire la suite »
Bitcoin Price Analysis: BTC Paints Multiple Bullish Signals as Price Hovers Around $62KCrypto Blog
Lire la suite »
NZD/JPY Price Analysis: Buyers step back to consolidate, sellers gain groundThe NZD/JPY pair is down by 0.45% on Tuesday, trading at 92.99.
Lire la suite »
EUR/USD Price Analysis: Moves below 1.0850 despite a bullish biasEUR/USD extended losses to near 1.0850 during the Asian session on Wednesday.
Lire la suite »
NZD/USD Price Analysis: Bullish sentiment maintains despite softening momentumOn Wednesday's session, the NZD/USD showed diminishing buying traction and fell just below 0.6100.
Lire la suite »
GBP/USD Price Analysis: Stays bullish despite retreating from two-month highsThe Pound Sterling holds to earlier gains versus the Greenback following a hotter-than-expected inflation report in the UK, yet the pair pulls back from a two-month high as the CPI approaches the Bank of England’s goal.
Lire la suite »