Categories: Technical analysis

NZDJPY Wave Analysis 31 December, 2020

• NZDJPY broke resistance level 74.00

• Likely to rise to 75.00

NZDJPY recently broke above the resistance level 74.00 (which stopped the 2 previous waves (1) and B – as can be seen from the daily NZDJPY chart below).

The breakout of resistance level 74.00 coincided with the breakout of the wide daily up channel from June – which added to the bullish pressure on this currency pair.

NZDJPY is expected to rise further to the next round resistance level 75.00. Strong combined support now stands at the support level 74.00.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: NZDJPY

Recent Posts

Dow Jones Wave Analysis – 17 December 2025

Dow Jones: ⬇️ Sell - Dow Jones reversed from resistance level 49000.00 - Likely to fall…

6 hours ago

Comcast Wave Analysis – 17 December 2025

Comcast: ⬆️ Buy - Comcast broke resistance area - Likely to rise to resistance level 31.00…

6 hours ago

Platinum Wave Analysis – 17 December 2025

Platinum: ⬆️ Buy - Platinum broke resistance level 1800.00 - Likely to rise to resistance…

7 hours ago

Silver Wave Analysis – 17 December 2025

Silver: ⬆️ Buy - Silver broke resistance zone - Likely to rise to resistance level…

7 hours ago

The labour market did not scare the Fed

The Fed is in no hurry to cut rates, and Hassett is unlikely to accelerate…

12 hours ago

The crypto rebound fades with a 40% drop possible

Crypto market faces renewed downward pressure; Bitcoin may drop further, with diverging forecasts for 2026…

14 hours ago

This website uses cookies