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NZD/JPY minor downtrend remains intact
The minor downtrend of the NZD/JPY cross pair in place since 21 Mar 2019 high has started to accelerate to the downside through the bearish break and gapped downed from its lower boundary of the descending channel on 06 May 2019. • From its 15 Apr 2019 minor swing high of 75.95, it has evolved within a steeper minor descending channel with its key short-term resistance now at 73.00 which is defined by the intersection of the steeper descending channel resistance and pull-back of the former descending channel support from 21 Mar 2019 high. • The hourly RSI oscillator has started to inch upwards and still has ... (full story)