Weekly Technical Analysis of Japanese New Zealand NZD- JPY

A Japanese New Zealand pair is trading on the D1 Daily - rebound from the major downtrend which represents a significant resistance against the price. We expect prices to fall below 70.70 to reach 66.10 level as a last resort. Traders are advised to enter short positions below the level of 70.70, while maintaining an appropriate stop loss above the downtrend.

Overall trend: bearish