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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

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

 

 

 

 

 

 

 

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