Technical analysis of NZD/JPY
Tag - nzd - new zealand dollar
The USD is back in demand…
What market drivers are we waiting for?
NZD/JPY has performed well this month forming higher lows and highs. It was supported by the 50-day MA in July and took off from that level.
The USD has weakened on comments from the Fed members…
The USD is awaiting retail sales data, there's active trading in the NZD, and the GBP is under pressure…
Last week EUR/NZD tried to test levels above 1.70 but failed to hold there and ultimately closed at 1.6820.
There are a lot of important releases which will affect the Forex market this week.
NZD/USD has been trading in a very volatile fashion recently. The latest development has been that the pair met resistance in the vicinity of 0.67.
Traders await the meeting of the Bank of Canada and the FOMC minutes…
The USD remains strong ahead of the Fed Chairman's speech…
The USD is strong after NFP, the TRY slumped after Erdogan's comments…