FX Trends daily (FOCUS : NZD/JPY)

NZD/JPY

The NZD/JPY has rebounded sharply and is set to test the short-term resistance around 63.42-63.60 (retracement and short-term descending channel). Breaking above this level would extend the recovery towards 64.90, possibly 66.53. The first support is located at 61.60. Buy (stop @ 61,59 – Target @ 64,90)

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