NZDJPY pared some of its gains on board-bassed New Zealand dollar weakness. After hitting an intraday low of 93.75, it is currently trading at about 93.89. Should the 93 support hold, the upward trend appears to be moving favorably.
|
Technicals |
CMP -93.89 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
94.13 |
CMP<value |
Bullish |
|
200- EMA |
93.56 |
CMP >value |
Bullish |
|
365- EMA |
93.19 |
CMP>value |
Bullish |
Near-term resistance - 94.40/95/95.50/96.15/96.85/97.25. Near-term support- 93.70/93/92.40/91.80/91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
-35.35 |
|
ADX |
Neutral |
Strength increased from 22.06 to 27.61 |
It is good to buy on dips around 93.50 with SL around 92.80 for a TP of 96.15/97.
