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NZDJPY Extremely Bullish Above 94: Broad NZD Buying Fuels Fresh Upside – Buy Dips at 93.70 Targeting 95

NZDJPY holds above 94 on board-based New Zealand dollar buying.  If the 93.30 support  holds, the uptrend appears to be trending toward favorability.

 

Technicals

CMP -94.33

Trend

1- Hour chart

Value

 

 

55 EMA

93.01

CMP>value

Bullish

200- EMA

92.80

CMP >value

Bullish

365- EMA

92.85

CMP>value

Bullish

  1. EMA

92.30

CMP>Value

Bullish

 Near-term resistance - 94.60/95/95.50. Near-term support-93.70/93.30/93/ 92.60/92/ 91/90.50/89.

Momentum indicator

Inference

Value

CCI(50)

Bullish

144.77

ADX

Neutral

Strength increased from 32.53 to 37.87

 It is good to buy on dips around 93.70-72 with an SL around 93.30, for a TP of 95.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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