NZDJPY trades higher for the third consecutive day on board-based New Zealand dollar. It hits an intraday high of 92.74 and is now hovering around 92.71. The upward trend seems intact, provided the 91.80 support level remains stable.
|
Technicals |
CMP -92.69 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
92.02 |
CMP>value |
Bullish |
|
200- EMA |
91.68 |
CMP >value |
Bullish |
|
365- EMA |
91.89 |
CMP>value |
Bullish |
Near-term resistance - 91.50/92.01/92.75/93. Near-term support- 91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
92.56 |
|
ADX |
Bullish |
Strength increased from 37 to 39.85 |
It is good to buy on dips around 92 with SL around 91 for a TP of 94/95.
