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Add as a preferred source on Google FxWirePro: NZD/JPY intraday bias higher, good to go long on dips NZD/JPY break major resistance 100-DMA 74.01 and 20-DMA at 74.16, intraday bias higher. Technicals on daily charts support upside, pair on track to test 200-DMA at 75.04. RSI & stochs are biased higher, bullish MACD line…
By FxWirePro Team Oct 4, 2016, 7:18 AM UTC
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NZD/JPY break major resistance 100-DMA 74.01 and 20-DMA at 74.16, intraday bias higher.
Technicals on daily charts support upside, pair on track to test 200-DMA at 75.04.
RSI & stochs are biased higher, bullish MACD line crossover on signal line seen.
Major support levels - 74.16 (20-DMA), 100-DMA (74.01), 73.86 (session low)
Major resistance levels - 75.04 (200-DMA), 75.30 (trendline), 76
Recommendation: Good to go long on dips around 74.20/30, SL: 73.85, TP: 75/ 75.30
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