LeoPrime Daily Market Analysis

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NZDJPY reversed from support zone; Likely to rise to 70.000

NZDJPY recently reversed up with the daily candlesticks pattern Doji from the support zone located between the support level 68.750 (former low of the previous minor correction A from the middle of August) and the lower daily Bollinger Band. Given the moderately bullish sentiment affecting the New Zealand today – NZDJPY is likely to extend the gains toward the next round resistance level 70.000 (former strong support from the start of September).

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