NZDJPY Technical Analysis & How To Trade NZDJPY
04 Jul 2022
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 selling zone which indicates bearishness. MACD is currently above zero which indicates bullishness.
Its immediate support is 83.3240 & the resistance level is at 85.3797.
NZDJPY will trade in up channel until there is trend reversal.
NZDJPY Technical Analysis: Daily Chart
In the daily charts, NZDJPY is trading in a down channel. NZDJPY is currently trading below 20 days SMA & above 50 and 100 days SMA.
RSI is in selling zone which indicates bearishness. MACD is currently above zero which indicates bullishness.
Its immediate support is 83.4114 & the resistance level is at 84.9829.
NZDJPY will trade in down channel until there is trend reversal.
How to Trade NZDJPY this Week:
NZDJPY will follow the downtrend until their trend reversal. So, remain bearish on NZDJPY.