Help center Contact us Register
arrow_forward_24px
Start Trading
Platforms
Trading Platforms
Trading Tools
Products
Markets
Instruments
Best conditions
Personal Finance New
Education
Analytics
About Admirals
Help center
Status Page
Register
menu_24px
  1. Home
  2. Analytics
  3. Technical Analysis
  4. NZD/JPY standing at support zone

NZD/JPY standing at support zone

July 05, 2016 13:42


The NZD/JPY pair is technically in uptrend and after bearish divergence tanked the pair, it is now consolidating at support. It will either go up from this zone, or it will drop towards lower levels. POC (L3, WPP, lower equidistant channel trend line) is 73.15-00 zone and the bounce from this level will target 73.50, 73.00 and 74.25. If the pair drops below 73.00 targets will be 72.80, 72.30 and 72.05. The pair should move during NY and Wellington session because GDT price index ( leading indicator of the nation's trade balance with other countries because rising commodity prices boost export income ) is expected to be released today although the time is tentative.

Follow @TarantulaFX on twitter for latest market updates

Avatar-Admirals
Admirals An all-in-one solution for spending, investing, and managing your money

More than a broker, Admirals is a financial hub, offering a wide range of financial products and services. We make it possible to approach personal finance through an all-in-one solution for investing, spending, and managing money.