The NZDJPY has been trading in a horizontal range with a brief break towards the upside being resisted by the 85.65 price level.
As NZDJPY reverses from the 85.65 level to trade lower, look for price to reach the next key support level at 84.40.
Further downside would require the NZDUSD to weaken significantly, which could be unlikely. If price breaks below 84.40 the next support level beyond that is 83.45
As NZDJPY reverses from the 85.65 level to trade lower, look for price to reach the next key support level at 84.40.
Further downside would require the NZDUSD to weaken significantly, which could be unlikely. If price breaks below 84.40 the next support level beyond that is 83.45
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