💱 NZDJPY - correction before further decline
NZDJPY continues its bearish trend. The price is in the descending price channel. Against the background of these data, it is worth looking for strong resistance levels for further sales
TA on the high timeframe:
1) the bearish trend follows the NZDUSD, which is weakening amid the strengthening of the dollar
TA on the low timeframe:
1) A false support breakout is formed on the background of the downtrend
2) The price bounces and heads towards resistance
3) From the area of 87.800 I expect price drop and subsequent renewal of the lows
Key support: 87.09
Key resistance: 87.8
TA on the high timeframe:
1) the bearish trend follows the NZDUSD, which is weakening amid the strengthening of the dollar
TA on the low timeframe:
1) A false support breakout is formed on the background of the downtrend
2) The price bounces and heads towards resistance
3) From the area of 87.800 I expect price drop and subsequent renewal of the lows
Key support: 87.09
Key resistance: 87.8
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