- NZD/JPY has broken above strong trendline resistance at 74.10 and is currently trading around 74.50 levels.
- The pair is extending upside for the 3rd consecutive session after hitting fresh 8-month lows at 72.88 on April 7th trade.
- Technicals on 4H charts show further upside for the pair, test of 75 levels likely.
- Immediate support is seen at 74.04 (5-DMA) , while resistance is located at 74.74 (Feb 24th highs) ahead of 75.10 (April 7th highs).
- A weaker yen this morning combined with upbeat Australian business confidence data fuelled renewed optimism in the markets and underpinned overall sentiment.
- Refrain from taking longer term bets as markets cautious ahead of key China’s macro releases due later this week.
Recommendation: Good to buy dips around 74.45/50, SL: 74, TP: 75/75.10


FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
FxWirePro- Major European Indices
FxWirePro: GBP/USD stuck in range but maintains bearish bias
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD eases as market awaits Iran deadline
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD edges up, remains on front foot
FxWirePro- Major Pair levels and bias summary
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows
FxWirePro: USD/JPY edges up as yen dips after soft household spending data
FxWirePro- Major Crypto levels and bias summary
Aussie Ascent: AUDJPY Charges Toward 112 as Bullish Momentum Hits Five-Day High
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum 



