Currently, NZD/JPY is trading at 63.60 moving towards its support zone. On Monday, March 27 this pair started a new downtrend and may possibly continue the same trend for some time. After breaking neckline at 64.18, pair started its downtrend and if it continues the same trend it may enter the support zone at 62.00.

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Rishikesh Lilawat
FibonacciSupport and ResistanceTrend Analysis

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