Nick Nasad
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NZD/JPY - Demand at 61.8% Retrace?

The Kiwi looks to have found a bottom at an important pivot near 81.40 that was also a 61.8% retracement of the full upswing from 79.85 to 83.95. While there should be some concern about the 82 handle acting as resistance, if it does not, then we look set to perhaps retrace the sharp swing seen on Tuesday.

- Nick