NZD/JPY currently trading at 61.10, previously traded at this price in may 2012. It broke the support level at 62.86 to from a new down trend and touched its support zone . Currently trading at its 8 years low price, but there is a significant chances of reversal from this point. If it breaks the level of 62.55 then it is possible for the price to come in up trend, and then it may hit the first resistance level at 64.18.
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Rishikesh Lilawat
Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.
