18 Dec 2014
NZD/JPY stuck at 10-day SMA
FXStreet (Mumbai) - The New Zealand trades lower against the Japanese yen in a very narrow range, Japanese strengthened against the greenback in the mid-Asian session.
Currently, the NZD/JPY pair trades at 91.32 levels, down -0.17% on the day, after having clocked a high of 91.56 couple of hours ago. The kiwi rose against the yen on upbeat NZ Q3 GDP data but later declined as the US dollar erased Fed induced gains and weakened against the Japanese currency. The USD/JPY pair now trades at day’s low of 118.40 levels, down -0.21% on the day.
NZD/JPY Technical Levels
The pair has an immediate resistance at 91.43 (100-day SMA) levels, above which gains could be extended to 91.85 (200-day SMA) levels. On the flip side, support is seen at 91.11 (20-day SMA), from here it to 90.92 (50-day SMA) levels.
Currently, the NZD/JPY pair trades at 91.32 levels, down -0.17% on the day, after having clocked a high of 91.56 couple of hours ago. The kiwi rose against the yen on upbeat NZ Q3 GDP data but later declined as the US dollar erased Fed induced gains and weakened against the Japanese currency. The USD/JPY pair now trades at day’s low of 118.40 levels, down -0.21% on the day.
NZD/JPY Technical Levels
The pair has an immediate resistance at 91.43 (100-day SMA) levels, above which gains could be extended to 91.85 (200-day SMA) levels. On the flip side, support is seen at 91.11 (20-day SMA), from here it to 90.92 (50-day SMA) levels.