Thursday, October 15, 2026

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FxWirePro: NZD/JPY breaks major resistance at 76, good to buy dips

NZD/JPY has been trading in a multi-week range of 76.84-73.54, the pair has broken strong trendline resistance at 0.76. We see scope for gains upto 76.80, daily Stochs and RSI are biased higher. Immediate resistance is s…

By Jay L. Zagorsky
1 min read
FxWirePro: NZD/JPY breaks major resistance at 76, good to buy dips
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  • NZD/JPY has been trading  in a multi-week range of 76.84-73.54, the pair has broken strong trendline resistance at 0.76.

  • We see scope for gains upto 76.80, daily Stochs and RSI are biased higher.

  • Immediate resistance is seen at 0.7638 (Feb 15th highs), 76.60 (Feb 26th highs) and then at 76.77 (Feb 7th highs).

  • On the downside supports are located at 75.42 (5-DMA), 75.22 (10-DMA) and 75.04 (18th Feb lows).

Recommendation: Buy dips around 76.10, SL: 75.75, TP: 76.60/76.80

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By FxWirePro Team