NZD/JPY Technical Analysis: 76.55 holds the gate to rising wedge resistance near 76.80

The NZD/JPY pair struggles around 76.30 during early Asian sessions on Tuesday.
Pair’s trading patterns since early February month forms a short-term “Rising Wedge” bearish pattern on four-hour chart with 76.80 being the resistance and 76.45 acting as a pattern support.
While lower highs since early last-week portray the pair weakness, refrain from declining beneath 75.90 indicates the underlying strength.
76.55 may offer immediate resistance to the quote ahead of highlighting pattern’s upper line figure of 76.80.
Break of 76.80 negates the bearish formation and can propel the pair towards 77.00 and then to the mid-December highs near 77.50.
On the downside slip under 75.90, 75.60 and 75.45 will gain market attention.
In case 75.45 fall short of limiting the pair’s declines, the bearish formation gets confirmed and could please sellers with 73.15 and 72.50 supports.
However, 75.00 and 74.45 may offer intermediate halts during the pair’s drop.

Anil Panchal FXStreet

NZD/JPY 4-Hour chart

Additional important levels:

Overview:
    Today Last Price: 76.26
    Today Daily change: 17 pips
    Today Daily change %: 0.22%
    Today Daily Open: 76.09
Trends:
    Daily SMA20: 75.5
    Daily SMA50: 74.6
    Daily SMA100: 75.35
    Daily SMA200: 75.13
Levels:
    Previous Daily High: 76.51
    Previous Daily Low: 75.77
    Previous Weekly High: 76.57
    Previous Weekly Low: 75.66
    Previous Monthly High: 76.57
    Previous Monthly Low: 73.82
    Daily Fibonacci 38.2%: 76.23
    Daily Fibonacci 61.8%: 76.05
    Daily Pivot Point S1: 75.74
    Daily Pivot Point S2: 75.38
    Daily Pivot Point S3: 74.99
    Daily Pivot Point R1: 76.48
    Daily Pivot Point R2: 76.86
    Daily Pivot Point R3: 77.22

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

EUR/USD rises to 1.1800 neighborhood amid renewed USD selling and trade uncertainties

The EUR/USD pair regains positive traction during the Asian session on Wednesday and jumps to the 1.1800 neighborhood in the last hour, reversing the previous day's modest losses. The intraday move up is sponsored by the emergence of fresh US Dollar, which continues to be weighed down by persistent trade-related uncertainties.

GBP/USD remains stronger above 1.3500 following Trump’s State of the Union

GBP/USD remains in the positive territory for the fourth successive session, trading around 1.3510 during the Asian hours on Wednesday. The pair appreciates as the US Dollar remains subdued following US President Donald Trump’s first State of the Union address of his second administration before a joint session of Congress.

Gold stays firm above $5,150 as Trump's delivers State of the Union speech

Gold finds fresh demand and regains the $5,150 level following the previous day's pullback from the monthly peak as traders assess Trump's State of the Union address. Trade-related uncertainties and geopolitical risks seem to act as a tailwind for the safe-haven bullion.

Bitcoin, Ethereum and Ripple post cautious recovery amid downside risks

Bitcoin, Ethereum, and Ripple are posting a cautious recovery on Wednesday following a market correction earlier this week. BTC is approaching a key breakdown level, while ETH and XRP are rebounding from crucial support levels.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.