16 Jul 2014
NZD/JPY dropping like a stone
FXStreet (Guatemala) - NZD/JPY is trading at 88.75, down -0.44% on the day, having posted a daily high at 89.21 and low at 88.72.
NZD/JPY has dropped lower to test the levels on the downside of yesterday post the release of the CPI disappointment from New Zealand. New Zealand's CPI for June printed a 0.3% vs 0.4% expected and 0.3% in May, with the annual CPI coming at 1.6% vs 1.5% exp and 1.6% in May.
NZD/JPY Levels
Spot is presently trading at 88.76, and next resistance can be seen at 88.94 (Weekly Classic S1), 88.98 (Daily 20 SMA), 88.99 (Yesterday's Low), 89.00 (Daily Classic S3) and 89.14 (Daily Classic S2). Next support to the downside can be found at 88.72 (Daily Low), 88.57 (Weekly Classic S2), 88.37 (Monthly Low), 88.18 (Weekly Classic S3) and 87.86 (Daily 100 SMA).
NZD/JPY has dropped lower to test the levels on the downside of yesterday post the release of the CPI disappointment from New Zealand. New Zealand's CPI for June printed a 0.3% vs 0.4% expected and 0.3% in May, with the annual CPI coming at 1.6% vs 1.5% exp and 1.6% in May.
NZD/JPY Levels
Spot is presently trading at 88.76, and next resistance can be seen at 88.94 (Weekly Classic S1), 88.98 (Daily 20 SMA), 88.99 (Yesterday's Low), 89.00 (Daily Classic S3) and 89.14 (Daily Classic S2). Next support to the downside can be found at 88.72 (Daily Low), 88.57 (Weekly Classic S2), 88.37 (Monthly Low), 88.18 (Weekly Classic S3) and 87.86 (Daily 100 SMA).