FxWirePro: NZD/JPY finds minor support at 75.60, break below targets 78.6% Fib at 72.61

• NZD/JPY trades in a major bear trend, breaks below 200-DMA. 
   
• The pair is currently holding minor support at 75.60, break below will see resumption of downtrend.
   
• Bears then target 78.6% Fib retracement of 69.23 to 83.80 rally at 72.61.
   
• Momentum studies are bearish, technical indicators are biased lower.
   
• The pair is trading 0.47 pct higher on the day as Kiwi is tracking the Aussie higher after stellar Australia employment and China trade data.

Support levels - 75.60 (trendline), 74.80 (61.8% Fib), 73.69 (Nov 9th low), 72.61 (78.6% Fib)

Resistance levels - 76.52 (50% Fib & 5-DMA), 77, 77.68 (20-DMA)

TIME  TREND INDEX  OB/OS INDEX    

1H          Neutral               Neutral       
4H          Bullish                Neutral       
1D          Bearish               Oversold        
1W         Bearish               Neutral      

Recommendation: Short decisive break below 75.60, SL: 76.60, TP: 75/ 74.80/ 74/ 73.70

FxWirePro Currency Strength Index: FxWirePro's Hourly NZD Spot Index was at -13.3916(Neutral), while Hourly JPY Spot Index was at 167.252 (Bullish) at 0340 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.