FxWirePro
Long

NZD/JPY Short term outlook

FX:NZDJPY   New Zealand Dollar/Japanese Yen
35 0 0
NZD/JPY has taken support near 90.15 and reached till 91.95 from that level. Overall trend is bullish as long as 91.20 (200 day HMA) holds.

On the downside major support is around 91.20 and any break below will drag the pair till 90.70/90.10.

The minor resistance are 92.40/93.

Indicator (1 hour chart)

CCI (50) - Buy

Woodies CCI (14) – Buy

Ichimoku- Buy

It is good to buy at dips around 91.60 for the target of 92.40/93 with stop around 91.15.

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