12 Jan 2015
NZD/JPY trades at 50-DMA
FXStreet (Mumbai) - The New Zealand dollar inched lower against the Japanese yen in the mid-European session, extending losses for the third straight session largely on the Kiwi weakness.
Currently, the NZD/JPY pair trades at 92.72 levels, down -0.19% on the day, having clocked day’s high at 93.05 levels. The cross in NZD/JPY trades lower against the yen as the New Zealand dollar failed to hold the 0.78 barrier and slipped on strengthening USD across the board. On the other hand, the Japanese yen too lost ground against the US dollar.
The NZD/USD pair traded at 0.7773 levels, lower by -0.84% on the day. While the yen lost -0.63% versus the US dollar, with USD/JPY now trading at 119.27 levels.
NZD/JPY Levels to consider
To the upside, the next resistance is located at 92.95 (20-DMA) levels and above which it could extend gains to at 93.68 (Jan 8 High) levels. To the downside immediate support might be located at 92 levels below that at 91.68 (Jan 5 Low) levels.
Currently, the NZD/JPY pair trades at 92.72 levels, down -0.19% on the day, having clocked day’s high at 93.05 levels. The cross in NZD/JPY trades lower against the yen as the New Zealand dollar failed to hold the 0.78 barrier and slipped on strengthening USD across the board. On the other hand, the Japanese yen too lost ground against the US dollar.
The NZD/USD pair traded at 0.7773 levels, lower by -0.84% on the day. While the yen lost -0.63% versus the US dollar, with USD/JPY now trading at 119.27 levels.
NZD/JPY Levels to consider
To the upside, the next resistance is located at 92.95 (20-DMA) levels and above which it could extend gains to at 93.68 (Jan 8 High) levels. To the downside immediate support might be located at 92 levels below that at 91.68 (Jan 5 Low) levels.