NZDJPY Technical Analysis & How To Trade NZDJPY

NZDJPY Technical Analysis

NZDJPY Technical Analysis: Weekly Chart

NZDJPY Technical Analysis

In the weekly charts, NZDJPY is trading in an up channel. NZDJPY is currently trading above all SMA.

RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 83.2870 & the resistance level is at 86.5538.

NZDJPY will trade in the up channel until there is trend reversal.

NZDJPY Technical Analysis: Daily Chart

NZDJPY Technical Analysis

In the daily charts, NZDJPY was trading in 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 84.7760 & the resistance level is at 85.8161.

NZDJPY was trading in the up channel before there is breakout downside.  

How to Trade NZDJPY this Week:

NZDJPY will follow the uptrend until their trend reversal. So, remain bullish on NZDJPY.

TRADE SUGGESTION- BUY AT 85.3130, TAKE PROFIT AT 85.8161 AND STOP LOSS AT 84.7760

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