The pair maintains the short trend from November 19th, offering us a 465 pips rally so far and trading at 62.22 yens per New Zealand dollar.The bands of Bollinger show a volatility of 270 pips in the hour, while the 14 period RSI is clearly oversold.

If the trend stays to the upside, 61.76 could be the target (three months low). Above, 63.01 (200 days MA) could act as a resistance.