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Tickmill’s Investing Diva, NZDJPY Daily Outlook 11-06-20

NZDJPY Daily Outlook – On Wednesday the Federal Reserve officials signaled plans to keep interest rates near zero for years and said they were studying how to provide more support to the U.S. economy that’s currently battered by the coronavirus shutdowns.
Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the Tickmill YouTube channel and support us by liking and sharing this video with your forex trading friends.
On Thursday we’ll be looking at Italy’s industrial production, the US weekly jobless claims, and New Zealand’s Business PMI.

Today I’m looking at the NZD/JPY pair which finally slowed down on its gains and started a pullback beginning of the week.
It has now hit the first medium-term support level at 69.58 but still remains above the Ichimoku cloud on the 4-hour chart.
The next support level is at the 38% Fibonacci retracement level of 68.39.
Do you think this is a mere temporary setback for the NZD/JPY pair or do you think the uptrend has ended for good? Head over to the comments section and let me know.
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