NZDJPY Holds 95 Amidst Buying Pressure, Technicals Point to Potential Downtrend 
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Major Pair Currency Score: AUDUSD Extremely Bullish, NZDUSD Bullish 
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NZDJPY trades low as the New Zealand dollar loses steam. It dropped to an intraday low of 93.47 and is currently trading around 93.67. The upward trend seems to be going well provided the 92.80 support level stays steady.
|
Technicals |
CMP -93.66 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
93.86 |
CMP< value |
Bearish |
|
200- EMA |
93.74 |
CMP <value |
Bearish |
|
365- EMA |
93.46 |
CMP>value |
Bullish |
Near-term resistance - 94.50/95/96. Near-term support- 93/92.70/91.80/91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-132 |
|
ADX |
Neutral |
|
It is good to buy on dips around 93.48.-50 with SL around 92.85 for a TP of 95/96.
