NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92 
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- DAX index is continuing its bullishness for 8th consecutive week after forming a bottom around 11703. The index was trading flat in this week between 12914 and 13045 for the past three trading session. US indices S&P 500 and Dow jones closed slightly positive yesterday with Dow jones 24768 (0.25% higher) and S&P500 2722 (0.41% higher). S&P500 futures is trading flat at 0.02% higher and is trading around 2723 0.03% higher. Asian stock indices trading slightly higher following footsteps of US markets.
- The minor bullishness can be seen only if it breaks 13050 and any break above will take the index to next level till 13198 (78.6% fibo)/13387/13600.
- On the lower side, near term major support is around 12690 (200- day MA) and any close below will drag the index till 12576 (55- day EMA)/12200 (61.8% fibo).
It is good to sell on rallies around 13000-13050 with SL around 13200 for the TP of 12580/12200.
