NZD dollar was having such a strong run for last couple of weeks and with formation of three candles not able to break above the previous and more importantly, yesterday high was lesser than previous one. It resembles the bearishness in this pair and NZD dollar in oversold area. Hence if this pair breaks below the two days low, then there may be a chance of bearish run again. In line with this, please find the daily chart analysis of NZDJPY,

Translate to English Show original