OctaFX | OctaFX Forex Broker
Open trading account
Back

NZD/JPY back out of the reach of the bears

FXStreet (Barcelona) - NZD/JPY is trading at 84.67, down -0.03% on the day, having posted a daily high at 84.83 and low at 84.38.

NZD/JPY is consolidating the rising trend of the past number of hours with a come back in the pair that has seen it rise from the 84.0 handle and away from danger territory back onto neutral grounds. The collapse of yesterdays’ play has been clawed back in an impressive manner from 84.20 and a surge up to the 84.80 resistance that has been a tough trophy to hold onto.

The yen has been a poor performer in a market place that has seen big gains on the stocks in the US with the DJIA adding more than 300 points on the day and the S&P close to 2% gains. More action to come form next week when we will hear from the RBNZ but most attention will be paid to the FOMC.

NZD/JPY noteworthy levels

With spot trading at 84.68, we can see next resistance ahead at 84.71 (Daily Open), 84.72 (Daily Classic S1), 84.83 (Daily High), 84.97 (Hourly 100 SMA) and 84.99 (Yesterday's High). Support below can be found at 84.63 (Hourly 200 SMA), 84.59 (Hourly 20 EMA), 84.59 (Weekly Low), 84.49 (Daily Classic S2) and 84.38 (Daily Low).

AUD/USD consolidates into closing session

AUD/USD is trading at 0.8758, down -0.03% on the day, having posted a daily high at 0.8768 and low at 0.8754.
Read more Previous

USD/JPY bears testing the 108 handle in Tokyo

USD/JPY is trading at 108.00, down -0.25% on the day, having posted a daily high at 108.33 and low at 108.00.
Read more Next
Start livechat