NZD/JPY today reached the target level 78.9126 from the yesterday’s trade opportunity alert that is shown below. The pair yesterday corrected shortly down from the resistance area close to this target level and then started this session with a sharp upward price impulse which just brought the pair up to 78.9126.
As can be seen from the following trade opportunity alert for AUD/USD that I received today through Autochartist’s email subscription, the pair is likely to continue downward movement toward the target level 1.0366 in the following 21 hours (as a result of the recent breakout of the 30-minute Rising Wedge chart pattern identified by Autochartist). This Rising Wedge breakout follows the earlier downward reversal from the round resistance level 1.0600 which has been reversing the pair down from August of 2012 (as is shown on the third chart).
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NZD/JPY Reaches Target Level, AUD/USD Continues Downward
Published 02/06/2013, 05:59 AM
Updated 03/09/2019, 08:30 AM
NZD/JPY Reaches Target Level, AUD/USD Continues Downward
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