NZDJPY Crosses Technical Analysis: Currencies in Focus
Friday, 16 August 2024, 15:00
Overview of NZDJPY Movements
The NZDJPY pair experienced a notable rise in Friday's session, ascending to 89.30. This movement follows several days of side-ways trading, indicating a potential shift in market sentiment.
Technical Insights and Future Outlook
According to technical analysis, for the bulls to maintain control, they must conquer the 20-day SMA. This key level will likely determine the next phase for this currency pair.
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.