FX Trends daily (FOCUS: NZD/JPY)

NZD/JPY

The NZD/JPY has hit a new high this morning and should extend its uptrend toward 74.28 before a potential resistance at 76.95 (upper limit of a long term bearish channel). This resistance may then trigger a consolidation. Short term supports lie at 72.60 then 71.35. Buy – Stoploss @ 72.49 – Target @ 76.80.

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