💡The chart shows technical analysis of the NZD/JPY currency pair on the daily time frame (D1). The price is moving within the Ascending Channel If the price continues to consolidate above the support (S.1), a rise towards the resistance levels (P.P) or the upper border of the channel (R.1) is expected. If the support is broken, we may see a pullback towards lower levels. The MACD is showing a decline in red momentum, which may indicate declining selling power. ⛔️It is not investment advice for educational purposes only.
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.