FxWirePro
Long

NZD/JPY Short term Outlook

FX:NZDJPY   New Zealand Dollar / Japanese Yen
69 0 1
NZD/JPY has once again declined slightly till after making a high of 91.88. Short term trend is still bullish as long as resistance 90.60 holds.

On the downside minor support is around 90.60 and any break below will drag the pair further down till 90/89.

The pair’s resistance is around 91.80 and any break above could pave way for next target around 92.54/93.40 in short term.

Indicators (1 Hour chart)

CCI (50) - Buy

CCI (14) - Buy

CCI (14)-Buy

Recommendation: Buy NZD/JPY around 91.50, SL 90.59, Targets 92.50/93.40 .
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