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.
