NZDJPY Chart Technical Outlook correlation suggests buying dips
The NZD basket is bullish. The JPY basket suggests selling into rallies. Correlation highlights buying dips in NZD/JPY.
Although we have seen a move to the upside the rally is stalling close to our bespoke resistance zone at 88.97 and 89.25. With support seen at 86.92 and 86.60, my preferred stance is to buy into dips at lower levels.
