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NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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