The 30-minute chart of NZD/JPY suggests that the pair is in a strong downtrend as it is consistently making lower lows.
But the pair witnessed a strong pullback, on account of short covering, from the value of 76.359.
Now, as per our analysis, the pair is currently facing resistance in the zone of 76.800.
We expect the pair to be bearish till it reaches 76.359.
But the pair witnessed a strong pullback, on account of short covering, from the value of 76.359.
Now, as per our analysis, the pair is currently facing resistance in the zone of 76.800.
We expect the pair to be bearish till it reaches 76.359.
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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.