From a technical point of view it looks pretty bearish with 4 confluences found and displayed in the picture is a solid sell set-up.From a fundamental point of view things also look pretty bearish for the pair with NZD being weakened by RBNZ’s dovish policy, trade deficits, and exposure to global risk-off sentiment, while JPY benefits from BOJ’s policy shift and safe-haven demand.
Trade smart, be kind, stay strong 💚
Trade smart, be kind, stay strong 💚
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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.