NZDJPY approaching support, potential bounce!
NZDJPY is approaching our first support at 76.06 (horizontal overlap support, 76.4% Fibonacci retracement) where price might potentially bounce above this level and rise to our first resistance at 76.97 (horizontal overlap resistance, 61.8% Fibonacci retracement). A breakout above this level might push price up to our second resistance at 77.52 (horizontal swing high resistance, 50% Fibonacci retracement).
RSI is also testing support and a bounce off this level might see a corresponding rise in price.
RSI is also testing support and a bounce off this level might see a corresponding rise in price.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.