NZDJPY breaks significant resistance at 94.50 on board-based New Zealand dollar buying. It is now trading near 94.89 after reaching an intraday high of 94.96. The upward trend seems to be going well if the 92.48 support holds.
|
Technicals |
CMP -94.89 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
93.54 |
CMP>value |
Bullish |
|
200- EMA |
93.25 |
CMP >value |
Bullish |
|
365- EMA |
92.97 |
CMP>value |
Bullish |
Near-term resistance - 94/94.50/95/96. Near-term support- 92.45/91.80/91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
265.30 |
|
ADX |
Neutral |
Strength increased from 26.91 to 30.63 |
It is good to buy on dips around with SL around 92.78 for a TP of 95.
