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NZDJPY Bullish Above 93 as Yen Stumbles – Buy Signal Triggers at 93.50 
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- Major resistance- 95.50 (trend line joining 99.83 and 98.42)
- The DXY has broken major resistance 95.50 and jumped till 96.70 yesterday. It is currently trading at 96.38.
- U.S dollar index major resistance is around 96.55 (200 day MA) and it should close above this level for further bullishness.
- Any indicative break above 96.55 will take the index to next level 97.18 (61.8% retracement of 100.44 and 91.90)/98.40.
- On the lower side, any break below 95.80 will drag the index down till 95.30/95.10 (90 day EMA).
- Overall bullish invalidation only below 93.
It is good to buy at dips 95.85-95.90 with SL around 95.10 for the TP of 96.60/97.20/98.40.
