Technical Analysis: NZDJPY Triple Bottom Tests 62.50 Support

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Remaining above the 62.50 support in the Asian trading hours, the NZDJPY currency pair looks ready to move past its current state of consolidation. Adding to this sentiment are positive upside indications provided by both MACD and Stochastic oscillator in our short term 15-minute chart. The MACD histogram shows a bullish convergence with the price action – a positive sign for upward potential. Additionally, stochastic has moved above the oversold territory, currently at 37.55. But, any http://feeds.feedburner.com/~ff/technical/analysis-reports?d=yIl2AUoC8zA (http://feeds.fxstreet.com/~ff/technical/analysis-reports?a=FM1KhwzVXzE:Du8WVoTdOVA:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/technical/analysis-reports?d=qj6IDK7rITs (http://feeds.fxstreet.com/~ff/technical/analysis-reports?a=FM1KhwzVXzE:Du8WVoTdOVA:qj6IDK7rITs) http://feeds.feedburner.com/~ff/technical/analysis-reports?i=FM1KhwzVXzE:Du8WVoTdOVA:F7zBnMyn0Lo (http://feeds.fxstreet.com/~ff/technical/analysis-reports?a=FM1KhwzVXzE:Du8WVoTdOVA:F7zBnMyn0Lo)


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