NZDJPY gained more than 150 pips after the hawkish RBNZ rate cut. As long as support at 87.99 persists, the intraday trend is bullish. Yesterday, the pair hit a high of 89.21; it currently trades at about 89.08.
Oscillators and moving averages to forecast the trend of NZDJPY
CMP- 89.11
EMA (4-hour chart)
55-EMA- 88.42
200-EMA- 887
365-EMA- 87.80. The pair trades above the short (55 EMA) and long-term moving average(200 and 365).
Major support- 88.40. Any breach below will drag the pair down to 8887.20/86.65/85.37/84.45/84.
Major resistance - 89.20. Any break above 89.25 confirms minor bullishness, a jump to 90/90.65/92.
Indicator (1-hour chart)
CCI (50)- bullish
Average directional movement Index- Bullish. All indicators confirm a bullish trend.
It is good to buy on dips around 88.40-42 with SL around 87.70 for TP of 90.


FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/JPY caught in narrow range, bias bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
NZDJPY Poised to Pop: Buy-the-Dip Setup Above Key 90 Support
FxWirePro: GBP/AUD recovers slightly but bears are not done yet
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K 



