Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
3 Feb 2022

NZD/JPY Price Analysis: Failure at 76.00 opened the door for YTD low at 75.27

  • The NZD/JPY is flat as the Asian Pacific session begins.
  • NZD/JPY Technical Outlook: The path of least resistance is downwards, further cemented by the daily close beneath 76.00.

The NZD/JPY slides as the New York session finishes, down some 0.25%. At the time of writing, the NZD/JPY is trading at 75.89. The overall market sentiment is upbeat, except for the FX market. The JPY and the CHF posted gains between 0.50% and 0.56%, respectively. Meanwhile, the high beta currencies ended in the red, led by the NZD, which lost 1.95%.

On Wednesday, the NZD/JPY reached a weekly high at 76,26, followed by a fall towards 76.00, as European traders got to their desks. The drop was courtesy of NZD's weakness due to mixed employment numbers. Later on the day, during the North American session, the pair gave way for JPY bulls, who pushed the pair below the 76.00 figure. 

NZD/JPY Price Forecast: Technical outlook

The NZD/JPY is downward biased, as depicted by the daily moving averages (DMAs), with a downslope residing above the spot price. Furthermore, failure to print a daily close below the 76.00 figure opened the door for further losses. That said, the first support level would be July 20, 2021, a daily low at 75.27, followed by August 19, 2021, a daily low at 74.56.

Contrarily, in the event of the cross-currency pair holding its ground against JPY bulls, the first resistance would be 76.00. A break above that level could pave the way for further gains. The next resistance would be January 26 daily high at 76.67, followed by January 21 cycle high at 77.05.

 

Feb 3, 2022

EUR/USD Price Analysis: 50-DMA probes four-day uptrend ahead of ECB

EUR/USD portrays the pre-ECB anxiety while edging higher past 1.1300 during early Thursday morning in Asia. That said, the major currency pair seesaws
Read more Previous
Feb 3, 2022

All three Fed Nominees from US President Biden highlight inflation threat

Early Thursday morning in Asia, Reuters shared prepared statements from President Joe Biden's pick for various positions in the Federal Reserve (Fed),
Read more Next