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NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
- RES 4 : 0.7532 (Jul 6th high)
- RES 3: 0.7500
- RES 2: 0.7470 (Jul 13th high)
- RES 1: 0.7421 ( 7 day 4 H EMA)
PRICE: 0.74311 @ 10:58 GMT
- SUP 1: 0.7400
- SUP 2: 0.7370 (Jul 8th low)
- SUP 3: 0.7326
- SUP 4: 0.7297 (161.8% retracement of 0.7371 and 0.74906)
Commentary:
AUD/USD slightly recovered from low of 0.7412 on account of better than expected business confidence.
NAB sentiment index advanced to 10 from 8 in May as companies turned positive in all industries bar mining.
Technically Aussie is facing strong support around0.7400 and any break below will target 0.73700/0.7340 level.
On the higher minor resistance is around 0.7435 and any break above will target 0.7470/0.7500.
Overall trend reversal only above 0.7500
It is good to buy at dips around 0.7425 with SL around 0.7400 for the TP of 0.7470/0.7498
