NZDJPY neutral

Correction of NZDJPY is approaching

17 March 2022 128
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The NZDJPY currency pair has been moving within the uptrend since the beginning of February. Rising commodity prices are playing in favor of export-oriented New Zealand. Japan, as a resource-importing country, is under strong pressure on its economy.

NZDJPY has recently broken away from the trend line and accelerated growth. The benchmark for buyers is the last year's maximum of 82.5. At the same time, the RSI has already entered the overbought zone. It is worth carefully monitoring the prices in the near future, the probability of correction significantly increases.

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