Hello traders, the New Zealand dollar in the NZDJPY currency pair continues to strengthen its position, despite several attempts by the yen to start rising. Of course, unexpected surprises cannot be ruled out, the yen knows how to do that, but at the moment, the continuation of the upward movement remains relevant. Closing above 93.40, means that the rise can continue towards 93.75 and 94.15-94.35. Successfully overcoming these levels will open the way to new highs for the bulls, but the targets can be determined based on the actual situation. If sellers of NZDJPY manage to return below 93.35, then they will have a chance to move down to 92.95 - this level may only experience a pullback. Consolidation below 92.95 may lead to a decline to 92.60, 92.20, and 91.80, and further decisions will need to be made based on the actual situation.
