NZDJPY January, 27 2020

Technical Analysis
Monday, January 27, 2020 - 13:10
Point Trader Group
NZDJPY January, 27 2020

Overview:

We notice on the chart above that the pair is trading at the strongest support level around 0.6550 and the bullish trend line, which enhances the chances of the rise during today's trading

Expected:

We see that if trading continues above the aforementioned support levels, this pair may push up to 0.6660 during today's trading

Alternative Scenario:

On the other hand, we see that if the aforementioned support levels are broken, the pair could be pushed down to 0.6500

 

Resistance0.66500.66600.6690
Support0.65500.65000.6450

 


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