Kiwi Under Pressure: NZDJPY Bulls Falter as Momentum Shifts Toward a 90.00 Target
As the New Zealand dollar lost its pace, NZDJPY reduced most of its gains. Currently trading around 92.82, it touched an intraday low of 92.11. Intraday trend is positive as long as support at 91.80 persists. Technicals …
As the New Zealand dollar lost its pace, NZDJPY reduced most of its gains. Currently trading around 92.82, it touched an intraday low of 92.11. Intraday trend is positive as long as support at 91.80 persists.
Technicals
CMP -92.81
Trend
1- Hour chart
Value
55 EMA
93.08
CMP <value
Bearish
200- EMA
93.082
CMP < value
Bearish
365- EMA
92.99
CMP <value
Bullish
Momentum indicator
Inference
Value
CCI(50)
Bearish
-83.76
ADX
Neutral
It is good to sell on rallies around 93 with SL around 94.20 for a TP of 90.
