The New Zealand dollar/Japanese yen (NZD/JPY) currency pair touched 80.00 area, which may be a very interesting resistance right into the FOMC event. We also see a structure of an ending diagonal in Wave five of C so ideally price will turn down soon. But as always I like to wait on a confirming price action, which in our case would be an impulsive decline and close beneath 78.91 area. In such case, we would start looking lower for aggressive weakness.
NZD/JPY, 1 hour