NZD/JPY Bearish Opportunity – Resistance Rejection & Weak NZ Eco

3月19日

🔹 Current Price: 86.46
✅ TP1: 85.84 – First Support Level
✅ TP2: 85.22 – Intermediate Support
✅ TP3: 84.12 – Major Support Zone
🔻 Stop Loss: 87.57 (Above Resistance)

🔥 Why Are We Bearish?

1️⃣ Strong Resistance Rejection & Bearish Indicators
Price is rejecting a strong resistance zone (87.00-87.57), where sellers have stepped in before.
MACD Bearish Crossover confirms downside momentum.
RSI Reversal from Overbought suggests a cooling-off period for buyers.

2️⃣ Weakening New Zealand Economy
Consumer confidence dropped to 89.2 (previously 97.5) in Q1 2025, signaling economic slowdown.
New Zealand GDP expected to contract by 0.8% in 2025, adding bearish pressure.
The RBNZ remains cautious about interest rate hikes, reducing NZD's strength.

3️⃣ Technical Setup Aligns with the Short Trade
Key Resistance Holding: 87.00-87.57 area has historically rejected price.
Bearish MACD & RSI Divergence indicate momentum is fading.
Potential Breakdown to 84.12 if support levels fail.

📌 Conclusion
NZD/JPY is rejecting a strong resistance level, with bearish technical indicators and weak fundamentals in New Zealand’s economy supporting further downside. This setup offers a high-probability short trade for both swing traders and short-term setups.

3月23日

交易進行

Take Profit 2 was reached!