US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
2025 Market Outlook: Key January Events to Watch 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Wall Street Analysts Weigh in on Latest NFP Data 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
China's Refining Industry Faces Major Shakeup Amid Challenges 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
NZD/JPY chart on Trading View used for analysis
- NZD/JPY opened with a gap-up on Monday's trade after US-China trade truce boosts the demand for the riskier currencies.
- The pair has paused shy of major resistance at 200W SMA at 78.80, break above will propel the pair higher.
- Technical studies are supporting scope for gains. We see bullish divergence on Stochs.
- MACD and DMI support upside and Bollinger Bands are widening suggesting rising volatility.
- Break above 200W SMA raises scope for test of 83.90 (Major trendline resistance).
- On the flipside, 5-DMA is immediate support at 77.94. Break below eyes 21-EMA at 76.90
Support levels - 77.94 (5-DMA), 76.90 (21-EMA), 75.74 (200-DMA)
Resistance levels - 78.80 (200-W SMA), 83.90 (trendline)
Recommendation: Watchout for decisive breakout at 200W SMA to go long.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
