NZD/JPY Crosses: Technical Analysis Indicates Continued Downtrend
Technical Analysis of NZD/JPY Crosses
Friday's session saw the NZD/JPY pair decline by more than 1% to 86.60, marking another day of losses. The pair has been on a downtrend over the past week, closing lower in four of the last six sessions. This persistent decline has drawn attention from traders and analysts alike.
Market Sentiment and Future Projections
Technical analysis shows clear signs of bearish sentiment prevailing in the market. With the current outlook favouring continued declines, it's imperative for market participants to stay vigilant. Analysts recommend monitoring key support levels closely, and traders should prepare for potential volatility in the NZD/JPY crosses.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.