Tuesday 3 March 2015

NZD/JPY Bullish,Forex trading signals



The primary trend of NZD/JPY is bullish, prices are successfully sustaining on the higher levels & looking bullish for the few upcoming sessions. The pair has formed a falling wedge on higher level, which is expected to give a breakout at upside. Prices are also taking resistance from the important level of 90.30, consolidating & gaining strength to break it upside. Today if the pair breaks 90.35 & managed to sustain above it, then we can expect it to continue its ongoing trend & test the level of 90.60 in today's session.
                      

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RSI is sustaining in buying territory supporting upside movement in the pair.

STRATEGY :- NZD/JPY is looking further bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.

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