NZDJPY trades weak and is one of the worst performers of the day. It hit a low of 90.48 and is currently trading around 90.57.
Technicals-
The pair is trading below 34- and 55 EMA in the hourly chart.
The near-term resistance is around 90.77, a breach above targets 91.26/91.70/92. The immediate support is at 90.45, any violation below will drag the pair to 90/89.
Indicator (hourly chart)
CCI (14)- Bearish
CCI (50)- Bearish
Average directional movement Index- Bearish. All indicators confirm the bearish trend.
It is good to sell on rallies around 90.75-80 with SL around 91.26 for a TP of 89.
