25 Jun 2014
NZD/JPY: Not far from 88.20/30 support
FXStreet (Bali) - NZD/JPY is trading at 88.31, down -0.14% since the NY close, having posted a daily high at 88.49 and low at 88.28.
How strong has the move been?
The hourly FXStreet OB/OS Index is showing oversold conditions, alongside the FXStreet Trend Index which is slightly bearish. At the time of writing, RSI is neutral at 22.32, down from 24.08 at the last hour close, while ADX is trending at 37.40, down from 39.70 previous. Meanwhile, daily RSI is in neutral territory at 66.95.
What price levels and patterns have to be considered?
With spot trading at 88.32, we can see next resistance ahead at 88.37 (Daily Classic S2), 88.40 (Yesterday's Low), 88.43 (Weekly Low), 88.45 (Daily Open) and 88.49 (Daily High). Support below can be found at 88.30 (Weekly Classic S1), 88.28 (Daily Low), 88.05 (Daily Classic S3), 87.97 (Daily 20 SMA) and 87.83 (Weekly Classic S2)
How strong has the move been?
The hourly FXStreet OB/OS Index is showing oversold conditions, alongside the FXStreet Trend Index which is slightly bearish. At the time of writing, RSI is neutral at 22.32, down from 24.08 at the last hour close, while ADX is trending at 37.40, down from 39.70 previous. Meanwhile, daily RSI is in neutral territory at 66.95.
What price levels and patterns have to be considered?
With spot trading at 88.32, we can see next resistance ahead at 88.37 (Daily Classic S2), 88.40 (Yesterday's Low), 88.43 (Weekly Low), 88.45 (Daily Open) and 88.49 (Daily High). Support below can be found at 88.30 (Weekly Classic S1), 88.28 (Daily Low), 88.05 (Daily Classic S3), 87.97 (Daily 20 SMA) and 87.83 (Weekly Classic S2)