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- Our previous call (http://www.econotimes.com/FxWirePro-NZD-JPY-upside-stalls-at-strong-cloud-top-resistance-good-to-sell-rallies-target-7690-187912) has hit all targets.
- The pair sees minor support at 76.45 (10-DMA), breaks below will see further downside.
- Supports on the downside below 76.45 are aligned at 76.24 (Mar 4th lows) and then 76.16 (Mar 29th lows) and 75.80 (Mar 8th lows).
- On the upside resistances are located at 77 (session highs), 77.50 (5-DMA) and 77.44 (Mar 7th highs).
Recommendation: Book partial profits, lower trailing stop to 77, target 76.20/75.80/75.50
