The pair is moving sideways on H4, has failed to break the resistance and is likely that will decrease at least till support (0,7340).We already know the correlation between NZD and GOLD price, GOLD is also trading near a support area, if the price will decrease further then the NZD will decrease as well. Buy if the price will jump above 0,7449 and sell if the price will fall below 0,7340.
Yes, NZD/JPY also trading very strongly as oil starts to rebound off lows. I like this trade because Japanese Yen will probably get weaker because of rising oil cost — but as well because there’s a chance of more QE.
The price is trading above the resistance from 0.7449, now is important to have a consolidation here to hope for a continuation of the bullish movement. The next resistance can be found at 0.7494 and higher at 0.7608. If the price will come back in range, then the target will be at 0,7340 or even lower.