Thursday, October 15, 2026

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FxWirePro: NZD/JPY capped below 50-DMA, bias lower

NZD/JPY extends downside after rejection at channel top by 75.45. The pair hit session lows at 74.18 and is currently trading around 74.41 levels. 50-DMA weighs on the upside, bearish invalidation only on break above. Te…

By FxWire Pro
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FxWirePro: NZD/JPY capped below 50-DMA, bias lower
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  • NZD/JPY extends downside after rejection at channel top by 75.45.
     
  • The pair hit session lows at 74.18 and is currently trading around 74.41 levels.
     
  • 50-DMA weighs on the upside, bearish invalidation only on break above.
     
  • Tech support further downside. Break below 10-DMA at 74.26 could drag the pair lower.
     
  • Major resistance is seen at 74.91 (50-DMA) and then 75.55 (channel top), while support lies at 74.26 (10-DMA), 74 and then 73.80 (channel base).
     
  • Our previous call (http://www.econotimes.com/FxWirePro-NZD-JPY-rejected-at-channel-top-sell-rallies-target-7380-215587) is progressing.
     
  • TP1 is achieved, recommend holding for further downside.
     

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By FxWirePro Team