Tues 13th December 2022

Today, Our Daily Currency Strength Weakness Video will focus on:

  • NZDJPY
  • GBPUSD
  • CHFJPY

Charts Provided by Charles Clifton

Daily Analysis By Jon Kibbler

NZDJPY Breaks Range Highs

In today’s currency strength analysis video we can see an opportunity on NZDJPY as it breaks into new highs.

The NZD is S1 and the JPY is W1 on the day traders table suggesting the forex pair could trade higher.

The NZD strength has been visible in the market for some time now and doesn’t show any signs of stopping anytime soon.

Currently the price is trading within a bullish channel adding confluence to long opportunities.

Technical Observations

  • The NZD is S1 and JPY is W1 on the day traders table. 
  • Price has traded within a bullish channel since forming the lows in Feb 2020.
  • Current price has been in a trading range between 87.00 and 80.75.
  • A breakout of the 87.00 highs could see the market trade up to the next resistance of 93.50
  • Price is currently trading above the Daily 200 Moving Average. 

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