RLinda ! NZDJPY-> Support breakdown. Falling?

2022年11月3日

NZDJPY forms a correction from the resistance zone from yesterday evening, the price reaches the support of the ascending price channel, but as such, there is no logical price reaction to the support zone

Yesterday there was a press-release of the US Federal Reserve, which announced its fourth rate increase in a row by 75 basis points, which had a negative impact on the market and we can see the main currency pairs falling against the dollar.

NZDJPY breaks the support of the price channel and enters the support area, which can activate the orders, which in turn will only push the price up and we will see the price falling soon.
Short-term target - support zone 84.288
Mid-term target - liquidity zone 82.558.

Regards to R.Linda!