NZDJPY: Bullish Trend and Trade Opportunities
31 May 2023
NZDJPY: WEEKLY SCENARIO
NZDJPY Technical Analysis: Weekly Chart
In the weekly charts, NZDJPY is trading in an up channel. NZDJPY is currently trading above all SMA.
RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.
Its immediate support is 81.5000 the resistance level is at 88.1000
NZDJPY Index will trade in an up channel until there is a trend reversal.
NZDJPY Technical Analysis: Daily Chart
In the daily charts, NZDJPY is trading in an up channel. NZDJPY is currently trading above all SMA.
RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.
Its immediate support is 83.5000 the resistance level is at 86.1000
NZDJPY will trade in an up channel until there is a trend reversal.
How to Trade NZDJPY this Week:
NZDJPY will follow the uptrend until its trend reversal. So, remain bullish on NZDJPY.