22 Aug 2013
NZD/JPY halts the punishment above 76.50
FXstreet.com (Barcelona) - The NZD/JPY foreign exchange cross rate is last quoted at 76.64 bids near session lows, but higher from late NY session fresh 2-week lows printed at 76.50 following FOMC minutes mostly on the back of Kiwi weakness.
NZD/JPY nearing key support
The NZD/JPY cross is down -2.9% for the week so far in its worst week since early June. Next risk event at 01:30 GMT in the form of China HSBC manufacturing PMI will be main event for Kiwi in today's Thursday in Asia. As Adam Button from ForexLive has said: “I'll be keeping an eye on NZD/JPY in the day ahead,” as the cross is “Nearing support,” Button noted.
NZD/JPY key technical levels
Immediate support to the downside for NZD/JPY lies at mentioned fresh 2-week lows 76.50, followed by August 05/07 lows at 76.35, and June 07 lows at 75.77. To the upside, closest resistance shows at current levels as July 03/11 lows 76.80, followed by August 20 lows at 77.22, and yesterday's highs at 77.64.
NZD/JPY nearing key support
The NZD/JPY cross is down -2.9% for the week so far in its worst week since early June. Next risk event at 01:30 GMT in the form of China HSBC manufacturing PMI will be main event for Kiwi in today's Thursday in Asia. As Adam Button from ForexLive has said: “I'll be keeping an eye on NZD/JPY in the day ahead,” as the cross is “Nearing support,” Button noted.
NZD/JPY key technical levels
Immediate support to the downside for NZD/JPY lies at mentioned fresh 2-week lows 76.50, followed by August 05/07 lows at 76.35, and June 07 lows at 75.77. To the upside, closest resistance shows at current levels as July 03/11 lows 76.80, followed by August 20 lows at 77.22, and yesterday's highs at 77.64.