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26 Aug 2013
NZD/JPY holding strong above key 77 support
FXstreet.com (Barcelona) - The NZD/JPY foreign exchange cross rate is last quoted at 77.06 bids off recent session lows printed at 76.69 during early interbank premarket session, little changed from previous weekly close Friday.
NZD/JPY finds buyers above 77.00
The NZD/JPY is still trading around early June levels, following the massive selling from Kiwi longs positions allocated in previous months, before it printed multi-year highs above the 86 handle by mid April 2013. The cross is holding up well above key 77 support helped on relative Yen weakness, despite worst NZ trade deficit in 2013 released earlier in the session.
NZD/JPY key technical levels
Immediate support to the downside for NZD/JPY lies at mentioned session/Friday's lows 76.65/69, followed by Thursday's lows at 77.40, and August 05/07 lows at 76.35. To the upside, closest resistance shows at August 20 lows 77.21, followed by Friday's highs at 77.67, and July 03/11 lows at 76.80.
NZD/JPY finds buyers above 77.00
The NZD/JPY is still trading around early June levels, following the massive selling from Kiwi longs positions allocated in previous months, before it printed multi-year highs above the 86 handle by mid April 2013. The cross is holding up well above key 77 support helped on relative Yen weakness, despite worst NZ trade deficit in 2013 released earlier in the session.
NZD/JPY key technical levels
Immediate support to the downside for NZD/JPY lies at mentioned session/Friday's lows 76.65/69, followed by Thursday's lows at 77.40, and August 05/07 lows at 76.35. To the upside, closest resistance shows at August 20 lows 77.21, followed by Friday's highs at 77.67, and July 03/11 lows at 76.80.