The New Zealand Dollar (NZD) is under pressure due to concerns about the country's economic growth, exacerbated by bearish technical indicators and the US Dollar's strength. Recent data showing negative growth in New Zealand, with GDP contracting by 0.1% in Q4 2024, suggests a recession. Despite this, the Reserve Bank of New Zealand (RBNZ) has not ...
USD/JPY: bulls took offensive
2019-11-11 • Updated
Technical levels: support – 111.30, 110.15; resistance – 112.20.
Trade recommendations:
- Buy — 111.60; SL — 112.40; TP1 — 112.20; TP2 — 113.20.
Reason: narrowing bearish Ichimoku Cloud, horizontal Senkou Span B; a new golden cross of Tenkan-sen and Kijun-sen; the prices are entered into the Cloud.
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