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Kiwi Under Pressure: NZDJPY Signals Bearish Turn as Resistance at 92.00 Holds Firm

NZDJPY pared most of its gains in the past two weeks on board-based New Zealand dollar selling.  It dropped to a low of 90.67 and is currently trading around 90.986. If the 92 resistance holds, the trend is presently downward.

Technicals

CMP -90.987

Trend

1- Hour chart

Value

 

 

55 EMA

91.07

CMP<value

Bearish

200- EMA

91.55

CMP <value

Bearish

365- EMA

91.96

CMP< value

Bearish

 Near-term resistance - 91.50/92.01/92.75/93. Near-term support- 91/90.50/89.

Momentum indicator

Inference

Value

CCI(50)

Bearish

-63.33

ADX

Neutral

 

 It is good to sell on rallies around 91.50 with SL around 92.20 for a TP of 90.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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