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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