NZDJPY holds above 93.50 on board-based New Zealand dollar buying. It reached an intraday high of 93.73 and is currently trading near 93.65. If the 91.80 support level stays steady, the upward trend seems to be going well.
|
Technicals |
CMP -93.69 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
93.13 |
CMP>value |
Bullish |
|
200- EMA |
92.43 |
CMP >value |
Bullish |
|
365- EMA |
92.29 |
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 |
150.73 |
|
ADX |
Bullish |
|
It is good to buy on dips around 93 with SL around 91.80 for a TP of 93.45/95.
