NZD/JPY chart - Trading View
NZD/JPY was trading 0.51% higher on the day at 70.231 at around 06:00 GMT, bias is turning bullish.
The pair is testing daily cloud resistance, decisive break above will fuel further gains. Kiwi buoyed after upbeat data from New Zealand keeps trading sentiment positive.
The Reserve Bank of New Zealand’s (RBNZ) Inflation Expectations crossed the previous 1.43% mark to 1.59% QoQ for the fourth quarter (Q4) of 2020.
Upbeat data reduces the odds of any rate cuts from the New Zealand central bank (RBNZ) during the next week's meeting.
Technical bias for the pair is bullish. Stochs and RSI are biased higher. Price action has held above 200-DMA support.
If price manages to close above daily cloud, further upside likely. Scope for test of major trendline resistance at 71.65.
Support levels - 69.82 (55-EMA), 69.56 (110-EMA), 69.12 (Lower BB)
Resistance levels - 70.34 (Upper BB), 70.98 (110W EMA), 71.65 (Trendline resistance)


FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
FxWirePro- Woodies pivot (Major)
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
FxWirePro: AUD/USD softens as risk appetite abates
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro- Woodies pivot (Major) 



