NZD/JPY might return to low levels

Note: This section contains information in English only.
Source: Dukascopy Bank SA


In early August, the New Zealand Dollar found support against the Japanese Yen in the 2024 low level at 83.15. This event was followed by a recovery that eventually encountered resistance at 91.50/91.80. In September, the rate declined.

The ongoing decline might reach the support of the 2024 low level at 83.15. If this level fails to hold, the NZD/JPY is expected to approach the 2023 low level at 80.45.

On the other hand, a recovery of the Kiwi against the Yen might be slowed down by the 88.00 level and the descending 50-day simple moving average. Higher above, note the 90.00 mark that could act as resistance, before the pair approaches the 91.50/91.80 zone.
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