Thursday, October 15, 2026

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FxWirePro: NZD/JPY sees bounce off channel base, targets hit, exit trade

NZD/JPY is showing a reversal from channel base. The pair has hit lows of 73.81 before edging higher to currently trade at 74.26 levels. Our previous call (http://www.econotimes.com/FxWirePro-NZD-JPY-capped-below-50-DMA-…

By FxWire Pro
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FxWirePro: NZD/JPY sees bounce off channel base, targets hit, exit trade
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  • NZD/JPY is showing a reversal from channel base. The pair has hit lows of 73.81  before edging higher to currently trade at 74.26 levels.
     
  • Our previous call (http://www.econotimes.com/FxWirePro-NZD-JPY-capped-below-50-DMA-bias-lower-216155) has achieved all targets. We recommend exiting trade. 
     
  • Pair currently struggling at 4H 50-SMA at 74.2550, breaks above could see further upside. Test of 74.70 then likely.
     
  • On the downside, the pair holds above 21-DMA at 74.0528, break below finds next major support at 73.80 (rising trendline).
     
  • Break below 73.80 could drag the pair to 73.20 and then 72.55 levels.
     

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EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team