NZDJPY recently reversed down from the resistance area located between the key resistance level 66.000 (which has reversed the price numerous times from the start of March), upper daily Bollinger Band and the 50% Fibonacci retracement of the previous downward impulse wave from the middle of February. Given the strength of the aforementioned resistance area and the moderately bullish Yen sentiment seen across the markets today – NZDJPY is likely to fall further toward the next support level 64.640 (former minor support from the start of April).
