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Kiwi Crumbles: NZDJPY Plummets Toward Key Support as Bearish Momentum Takes Hold

On board-based New Zealand dollar selling, NZDJPY lost its luster. At its current price of 92.57, it came close to its intraday low of 92.19. Intraday trend is positive if the 91.80 support holds intact.

 

 

Technicals

CMP -92.56

Trend

1- Hour chart

Value

 

 

55 EMA

92.96

CMP <value

Bearish

200- EMA

93.22

CMP <value

Bearish

365- EMA

93.16

CMP< value

Bearish

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-75

ADX

Neutral

 

 

It is good to sell on rallies around 93.18-20  with SL around 94.18 for a TP of 90.85/90.

 

 

 

 

 

 

 

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