This week’s technical analysis focuses on three major assets: USD/JPY, NZD/USD, and Oil. Watch the video below for a detailed outlook on these markets.
The USD/JPY pair has been trading in a range for the past few weeks, with support at 110.00 and resistance at 112.00. The key levels to watch for this week are 110.50 and 111.50, as a break above or below these levels could signal a trend reversal.
NZD/USD has been in a strong uptrend, with key resistance at 0.7200. The pair is currently trading near this level, and a break above could lead to further gains. On the downside, watch for support at 0.7100.
Oil prices have been volatile in recent weeks, with geopolitical tensions and supply concerns driving the market. Brent crude is currently trading near $75.00, with key resistance at $80.00. Support levels to watch include $70.00 and $65.00.
Overall, these markets are poised for potential moves this week, so stay tuned for updates and trade carefully. Watch the video for a more in-depth analysis of these assets.