NZDJPY has continued to bounce up perfectly as expected as it remains in our ascending channel. Major support remains at 80.57 (Fibonacci retracement, bullish channel support) with the next major level of resistance at 81.26 (ABC Fibonacci extension, horizontal swing high resistance).
RSI (34) sees multiple bullish exits signaling that bullish momentum is still strong in this currency pair.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results