NZD/JPY Outlook (6 July 2022)
The NZDJPY sits at 83.60 support level, with price action indicating a potential test lower.
A move lower towards the next support level of 82.00 would be the trend following idea. This would also move in alignment with the AUDJPY.
However, significant volatility is expected on the NZDUSD. Therefore, a clear move downward might not be easily achieved.
A move lower towards the next support level of 82.00 would be the trend following idea. This would also move in alignment with the AUDJPY.
However, significant volatility is expected on the NZDUSD. Therefore, a clear move downward might not be easily achieved.
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