Nzd/jpy – Call Update

  • Our NZD/JPY long call (http://www.econotimes.com/FxWirePro-Watchout-for-NZD-JPY-breaks-above-8245-for-further-bullishness-135993) is progressing, hold for targets 
  • NZD/JPY broke above trendline resistance at 82.40 and is currently trading around 82.65 levels
  • Commodity prices are volatile and have taken another turn to the downside at the start of this week, but NZD largely resilient
  • 83 target levels in sight, immediate support at 82.50 (5-DMA) and further below at 82.47 (Dec 28 lows), resistance at located 82.79 (Dec 22 high). 

The material has been provided by InstaForex Company – www.instaforex.com

Tags: