NZD/JPY chart on Trading View used for analysis
- NZD/JPY recovers from session lows at 72.81, trades 0.25% higher on the day at 73.38 at the time of writing.
- Major trend for the pair is bearish. Recovery attempts lack traction.
- We see stiff resistance at 73.67 which is converged 21-EMA and 5-DMA. Any upside only on decisive break above.
- Next major resistance above 73.67 lies at 55-EMA at 74.02. Bullish reversal only above 110-EMA at 74.75.
- On the other side, we see major support at 72.35 (trendline). Weakness to accentuate on break below.
Support levels - 72.75 (Oct 15 low), 72.35 (trendline support)
Resistance levels - 73.67 (converged 5-DMA and 21-EMA), 74.02 (55-EMA)
Recommendation: Good to go short around 73.40/50, SL: 74, TP: 72.75/ 72.35
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
FxWirePro: USD/ZAR sell bias remains below key resistance zone
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY edges higher but bulls lack punch
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro- Major Crypto levels and bias summary 



