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Kiwi Strength: NZDJPY Bulls Eye 95 as Support Holds Firm

NZDJPY gained  nearly 100 pips from yesterday’s low of 93.15 on board-based New Zealand dollar buying.  At 93.41 now, it touched its intraday low of 93.19. Intraday trend is positive provided the 91.80 support stays intact

Technicals

CMP -93.33

Trend

1- Hour chart

Value

 

 

55 EMA

93.58

CMP >value

Bullish

200- EMA

93.14

CMP >value

Bullish

365- EMA

93.0

CMP> value

Bullish

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

48.94

ADX

Neutral

 

 

It is good to buy on dips around 93.48-50  with SL around 92.90 for a TP of 95.

 

 

 

 

 

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