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NZDJPY was among the best performers this week and closed near the weekly high. It hit a high of 91.42 and is currently trading around 91.36.
Technicals-
The pair trades above 34- and 55 EMA in the hourly chart.
The near-term resistance is around 91.52, a breach above targets 92.02/92.80. The immediate support is at 91, any violation below will drag the pair to 90.56/90/89.
Indicator (8-hour chart)
CCI (14)- Bullish
CCI (50)- Bullish
Average directional movement Index- Bullish All indicators confirm a bullish trend.
It is good to buy on dips around 91.15-18 with SL around 90.49 for TP of 92.80.
