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NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm

As the New Zealand dollar dropped, NZDJPY reduced most of its advances. It dropped to an intraday low of 90.829 and is currently trading around 90.89. If the 92 resistance holds, the trend is presently downward.

 

Technicals

CMP -90.89

Trend

1- Hour chart

Value

 

 

55 EMA

91.28

CMP<value

Bearish

200- EMA

91.84

CMP <value

Bearish

365- EMA

92.20

CMP< value

Bearish

 Near-term resistance - 91.50/92.01/92.75/93. Nqear-term support- 91/90.50/89.

Momentum indicator

Inference

Value

CCI(50)

Bearish

-128

ADX

Neutral

 

 It is good to sell on rallies around 91.50 with SL around 92.20 for a TP of 90.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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