The New Zealand Dollar, Yen, Pound sterling, NZD/JPY, NZD/GBP POINTS of discussion
- NZD/USD is surging as the pair heads straight to the key inflection range
- GBP/NZD-selling pressure of the swell, the pair flirts with the crucial floor.
- AUD/NZD a new test of the 5-year resistance will he finally break?
NZD/JPY is up over 11%, after bottoming at a multi-year low to 61.974. In the past, and to this day, the pair has made a leap of more than two percent, and is now within touching distance of key former support turned resistance in the range between 69.897-and-70.030. If this box is cleared, the NZD/USD may aim to break, and the resistance 71. 247. If the ceiling has been broken with a follow through, it could inspire further bullish price action.
NZD/USD – Daily Chart
NZD/JPY chart created using TradingView
GBP/NZD has recently broken below a multi-month uptrend, and has subsequently been broken two support levels on the way down. If the selling pressure continues, GBP/NZD may experience a certain decrease in friction at 1.9600. The invalidation of the support, there is full, open the door to the testing room at 1.9405 – breaking is that it could exacerbate the pair is in decline.
GBP/NZD Daily Chart
The pair GBP/NZD chart created using TradingView
AUD/NZD may be on the verge of breaking, trend-defining resistance, which has kept the pair under his shadow, since the month of December 2015. Over the past five years, all of the retest of the downward slope of depreciation has been met with the surrender of the certificate, and a massive sale. If the progression continues to push the AUD/NZD higher, a break above descending resistance at the source and could inspire other buyers to enter the market.
AUD/NZD – Chart Weekly
The AUD/NZD chart created using TradingView
— Written by It ZabelinA Currency Analyst to DailyFX.com
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