In this update, we take a look at NZDJPY as price finds support at the key demand zone.
The RBNZ did cut rates yesterday but stated that they don't see any further cuts in the near term.
This not so dovish outlook saw the price recover quickly from its earlier lows. Technically, we are
looking for price to form a double bottom pattern before getting long.
The RBNZ did cut rates yesterday but stated that they don't see any further cuts in the near term.
This not so dovish outlook saw the price recover quickly from its earlier lows. Technically, we are
looking for price to form a double bottom pattern before getting long.