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Add as a preferred source on Google FxWirePro: NZD/JPY struggles around 100-DMA at 75.14, intraday bias higher NZD/JPY is extending upside for the 4th consecutive session, has hit highs of 75.37 and is currently trading around 75.16 levels. The pair is struggling to extend gains beyond 100-DMA at 75.13, decisive break above will …
By FxWire Pro Jun 23, 2016, 7:51 AM UTC
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NZD/JPY is extending upside for the 4th consecutive session, has hit highs of 75.37 and is currently trading around 75.16 levels.
The pair is struggling to extend gains beyond 100-DMA at 75.13, decisive break above will see gains upto 75.75 and then 76.
Technicals support upside in the pair, Stochs and RSI are biased higher, MACD is on the verge of a bullish crossover on signal line.
Markets jittery as EU’s membership poll gets underway, volatility to remain elevated till poll results tomorrow.
Pair finds immediate resistance and support at 75.41 (June 1st highs) and 74.51 (20-DMA).
Recommend trading with tight stops, go long on dips around 75, target 75.40/ 75.80
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