NZDJPY continues to rise inside the short-term correction 2, which started earlier from the support area lying between the key support level 70.35 (which stopped the previous sharp impulse wave 1 in May) and the lower daily Bollinger Band.
The price earlier broke the resistance trendline from March – which accelerated the active correction (ii).
NZDJPY is expected to rise further and retest the next resistance level 72.270 (top of the previous short-term correction 2).
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
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- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…
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