Kiwi Crumbles: NZDJPY Plummets Toward Key Support as Bearish Momentum Takes Hold
On board-based New Zealand dollar selling, NZDJPY lost its luster. At its current price of 92.57, it came close to its intraday low of 92.19. Intraday trend is positive if the 91.80 support holds intact. Technicals CMP -…
On board-based New Zealand dollar selling, NZDJPY lost its luster. At its current price of 92.57, it came close to its intraday low of 92.19. Intraday trend is positive if the 91.80 support holds intact.
Technicals
CMP -92.56
Trend
1- Hour chart
Value
55 EMA
92.96
CMP <value
Bearish
200- EMA
93.22
CMP <value
Bearish
365- EMA
93.16
CMP< value
Bearish
Momentum indicator
Inference
Value
CCI(50)
Bearish
-75
ADX
Neutral
It is good to sell on rallies around 93.18-20 with SL around 94.18 for a TP of 90.85/90.
