8 Jul 2014
NZD/JPY battling with the downside
FXStreet (Guatemala) - NZD/JPY is trading at 89.03, down -0.20% on the day, having posted a daily high at 89.26 and low at 89.04
NZD/JPY has dipped lower on the release of NZIER Business Confidence (QoQ ) and down to 32% in 2Q from previous 52%. Not a good number and the pair is battling with the downside a touch away from the psychological 89 handle.
NZD/JPY technicals
At the time of writing, RSI is neutral at 27.74, down from 39.39 at the last hour close, while ADX is ranging at 24.07, up from 23.62 previous. Meanwhile, daily RSI is in neutral territory at 61.65. On the hourly NZD/JPY chart, the 200 SMA is climbing and currently at 89.22, up from the previous hour close at 89.06.
NZD/JPY Levels
Spot is presently trading at 89.05, and next resistance can be seen at 89.06 (Hourly 200 SMA), 89.10 (Weekly Classic PP), 89.18 (Hourly 20 EMA), 89.20 (Hourly 100 SMA) and 89.23 (Daily Open). Next support to the downside can be found at 89.04 (Daily Low), 89.03 (Daily Classic S1), 89.01 (Yesterday's Low), 88.84 (Daily Classic S2) and 88.75 (Weekly Low).
NZD/JPY has dipped lower on the release of NZIER Business Confidence (QoQ ) and down to 32% in 2Q from previous 52%. Not a good number and the pair is battling with the downside a touch away from the psychological 89 handle.
NZD/JPY technicals
At the time of writing, RSI is neutral at 27.74, down from 39.39 at the last hour close, while ADX is ranging at 24.07, up from 23.62 previous. Meanwhile, daily RSI is in neutral territory at 61.65. On the hourly NZD/JPY chart, the 200 SMA is climbing and currently at 89.22, up from the previous hour close at 89.06.
NZD/JPY Levels
Spot is presently trading at 89.05, and next resistance can be seen at 89.06 (Hourly 200 SMA), 89.10 (Weekly Classic PP), 89.18 (Hourly 20 EMA), 89.20 (Hourly 100 SMA) and 89.23 (Daily Open). Next support to the downside can be found at 89.04 (Daily Low), 89.03 (Daily Classic S1), 89.01 (Yesterday's Low), 88.84 (Daily Classic S2) and 88.75 (Weekly Low).