NZD/USD is looking for a clear direction in the short-term, as the technical indicators are showing a neutral stance…
NZD/JPY rising inside minor impulse wave 3
- NZD/JPY rising inside minor impulse wave 3
- Next buy target - 81.60
NZD/JPY continues to rise inside the minor impulse wave 3, which started earlier from the combined support area lying between the support level 79.20 (which reversed the price in the middle of September) and the lower daily Bollinger Band. The active impulse wave 3 belongs to the intermediate impulse wave (3) from last month. NZD/JPY is expected to rise to the next buy target at the next resistance level 81.60 (top of the (b)-wave of the previous ABC correction 2).
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…