FxWirePro- NZDJPY Trade Idea

FxWirePro- NZDJPY trade idea

NZDJPY traded neutral with a positive bias yesterday. It hit a high of  90.31 and is currently trading around 90.15.

Technicals-

The pair trades above 34- and 55 EMA in the hourly chart.

The near-term resistance is around 90.31, a breach above targets 90.82/91.80. The immediate support is at 89.85 any violation below will drag the pair to 89.70/89.10/88.40.

Indicator (hourly chart)

CCI (14)- Bullish (above 100)

CCI (50)- Bullish (above 100)

Average directional movement Index - Bullish. All indicators confirm a bullish trend.

It is good to buy on dips around 90.02--05 with SL around 89.70 for TP of 90.80.