Kiwi Under Siege: NZDJPY Plummets Toward 91.80 as Bearish Momentum Intensifies
Most of its board-based New Zealand dollar selling profits was trimmed by NZDJPY. It reaches an intraday low of 92.81. If the 94.20 resistance holds, intra-day trend is negative. Technicals CMP -92.83 Trend 1- Hour chart…
Most of its board-based New Zealand dollar selling profits was trimmed by NZDJPY. It reaches an intraday low of 92.81. If the 94.20 resistance holds, intra-day trend is negative.
Technicals
CMP -92.83
Trend
1- Hour chart
Value
55 EMA
93.49
CMP<value
Bearish
200- EMA
93.39
CMP< value
Bearish
365- EMA
93.25
CMP< value
Bearish
Momentum indicator
Inference
Value
CCI(50)
Bearish
-169
ADX
Bearish
It is good to sell on rallies around 93 with SL around 93.50 for a TP of 91.80
