#NZDJPY @ 87.9450 rose from daily lows of 87.03 to test 88.00, though the rally was halted by the Kijun-Sen at 88.49.
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- NZD/JPY rose from daily lows of 87.03 to test 88.00, though the rally was halted by the Kijun-Sen at 88.49.
The pair currently trades last at 87.9450.
The previous day high was 87.42 while the previous day low was 86.84. The daily 38.2% Fib levels comes at 87.2, expected to provide support. Similarly, the daily 61.8% fib level is at 87.07, expected to provide support.
The NZD/JPY jumped from daily lows of 87.03, climbing past the 88.00 figure on Tuesday. However, the advancement was capped by the Kijun-Sen at 88.49, and a seven-month-old upslope support trendline turned resistance, which pushed prices toward the top of the Ichimoku Cloud (Kumo). The pair is trading at 87.89, down 0.48%.
The daily chart portrays the pair as neutral to downward biased, about to break inside the Kumo, which could pave the way for further downside. If NZD/JPY falls below the top of the Kumo at 87.82, that would drive the price towards the bottom of the Kumo at 87.00 before challenging the September 5 swing low of 86.30.
On the contrary, NZD/JPY buyers could remain hopeful if the pair climbs back above the 88.00 figure. A breach of the latter would expose the Kijun-Sen at 88.49, followed by 89.00. A decisive break would expose the October 11 high at 89.93.
Technical Levels: Supports and Resistances
NZDJPY currently trading at 87.94 at the time of writing. Pair opened at 87.11 and is trading with a change of 0.95 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 87.94 |
| 1 | Today Daily Change | 0.83 |
| 2 | Today Daily Change % | 0.95 |
| 3 | Today daily open | 87.11 |
The pair is trading below its 20 Daily moving average @ 88.18, above its 50 Daily moving average @ 87.73 , above its 100 Daily moving average @ 87.64 and above its 200 Daily moving average @ 85.73
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 88.18 |
| 1 | Daily SMA50 | 87.73 |
| 2 | Daily SMA100 | 87.64 |
| 3 | Daily SMA200 | 85.73 |
The previous day high was 87.42 while the previous day low was 86.84. The daily 38.2% Fib levels comes at 87.2, expected to provide support. Similarly, the daily 61.8% fib level is at 87.07, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 86.83, 86.55, 86.25
- Pivot resistance is noted at 87.41, 87.7, 87.99
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 87.42 |
| Previous Daily Low | 86.84 |
| Previous Weekly High | 87.95 |
| Previous Weekly Low | 86.78 |
| Previous Monthly High | 90.21 |
| Previous Monthly Low | 86.30 |
| Daily Fibonacci 38.2% | 87.20 |
| Daily Fibonacci 61.8% | 87.07 |
| Daily Pivot Point S1 | 86.83 |
| Daily Pivot Point S2 | 86.55 |
| Daily Pivot Point S3 | 86.25 |
| Daily Pivot Point R1 | 87.41 |
| Daily Pivot Point R2 | 87.70 |
| Daily Pivot Point R3 | 87.99 |
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