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…
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.
