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12 Dec 2013
NZD/JPY breaching 0.8480 resistance
FXstreet.com (London) - NZD/JPY is breaching the 0.84.80 resistance and has the highs in sight for accomplishing the 0.85 handle next.
NZD is higher on a hawkish RBNZ announcement, while rates were left on hold, rates will need to rise to 2.25% over the next two and a quarter years and are serious about containing inflation. The Yen has been suffering with stocks picking up.
NZD/JPY Levels
RSI (14) reads 46.63, picking up towards 70 on the daily charts. Momentum indicators are offering a bullish bias and EMA’s are also doing so on the daily chart. The hammer confirmed the rally that is extending into 84.80 territory and resistance ahead of the 0.85 high in NY.
NZD is higher on a hawkish RBNZ announcement, while rates were left on hold, rates will need to rise to 2.25% over the next two and a quarter years and are serious about containing inflation. The Yen has been suffering with stocks picking up.
NZD/JPY Levels
RSI (14) reads 46.63, picking up towards 70 on the daily charts. Momentum indicators are offering a bullish bias and EMA’s are also doing so on the daily chart. The hammer confirmed the rally that is extending into 84.80 territory and resistance ahead of the 0.85 high in NY.