24 Jul 2013
NZD/JPY pushing above 79.50 on Kiwi strength
FXstreet.com (Barcelona) - The NZD/JPY foreign exchange cross rate is last trading at 79.73, off recent session highs at 79.80, posted on the back of recent Kiwi strength, following better than expected NZ trade balance.
NZD/JPY higher on NZD strength
With Kiwi consolidating gains above the 0.80 round for first time in 5 weeks, the NZD/JPY is also enjoying some strong bids, taking advantage of relative flat Yen, and ahead of tomorrow's RBNZ interest rate decision. HSBC Flash Manufacturing PMI China at 01:45 GMT will also be key for today's session, as China is one of main trading partners with NZ.
NZD/JPY key technical levels
Immediate resistance to the upside for NZD/JPY shows at mentioned session highs 79.80, followed by yesterday's highs at 79.84, and Friday's fresh 6-week highs at 80.06. To the downside, closest support lies at recent session lows 79.42, followed by Monday's weekly and Friday's lows at 78.99, and Thursday's lows at 78.45.
NZD/JPY higher on NZD strength
With Kiwi consolidating gains above the 0.80 round for first time in 5 weeks, the NZD/JPY is also enjoying some strong bids, taking advantage of relative flat Yen, and ahead of tomorrow's RBNZ interest rate decision. HSBC Flash Manufacturing PMI China at 01:45 GMT will also be key for today's session, as China is one of main trading partners with NZ.
NZD/JPY key technical levels
Immediate resistance to the upside for NZD/JPY shows at mentioned session highs 79.80, followed by yesterday's highs at 79.84, and Friday's fresh 6-week highs at 80.06. To the downside, closest support lies at recent session lows 79.42, followed by Monday's weekly and Friday's lows at 78.99, and Thursday's lows at 78.45.