After weeks of skimming along key support, NZDJPY appears to have finally closed below the seven-year trend line that extends off the 2008/2009 crisis lows. This level coincides with the 74.40 handle, which had previously held as support since last August. The weekly chart below is the same one I posted on January 12th when I detailed some of my top trade ideas for 2016. The trend line with the question mark just below it is the one in question. This trend line has now fallen on a daily closing basis. With yesterday’s close in the history books, traders can begin watching for sell signals against new resistance. The ... (full story)