74.40 is strong trendline support for NZD/JPY. we have see the pair test this level several times and has held above.
- The pair is extending consolidation along trendline support, weakness can be seen only on breaks below.
- Immediate resistance is seen at 75.33 (5-DMA), ahead of 75.59 (10-DMA), while support on the downside lies at 74.40 (trendline).
We advise holding on to our long call (http://www.econotimes.com/FxWirePro-NZD-JPY-sees-strong-support-at-7440-weakness-only-on-close-below-163121).
