NZD/JPY
The New Zealand dollar – Japanese Yen pair, created an unusual index decline which had not been seen taking such a sharp dive for a long time.
The low price levels of the pair have created a opportunity buy. is preferable to wait for a weekly close over the test level of 57.10, in order to determine with more certainty that the pair has in fact formed a bottom and it is possible indeed to enter into a buy position without any doubt, it is expected to rise up to the meaningful resistance level of 60 Japanese Yen for one New Zealand dollar.
