Currently, NZD/JPY is trading at 64.03. The pair started a downtrend on 14 April and it's about to touch its support zone. It is possible that after touching its support zone the price may rebound back from there. If the price breaks 64.09 level after rebounding from support zone, it may enter into a new uptrend and then its next resistance level at 65.07 will be its first target.
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Rishikesh Lilawat
Do follow us for future Forex updates.
Thank you,
Rishikesh Lilawat