NZDJPY Holds 95 Amidst Buying Pressure, Technicals Point to Potential Downtrend 
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Following a small retracement, NZDJPY is consolidating in a constrained range. It reached an intraday high of 93.37 and is currently trading near 92.99. If the 91.80 support level stays steady, the upward trend seems to be going well.
|
Technicals |
CMP -93 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
92.82 |
CMP>value |
Bullish |
|
200- EMA |
92.17 |
CMP >value |
Bullish |
|
365- EMA |
92.14 |
CMP>value |
Bullish |
Near-term resistance - 91.50/92.01/92.75/93. Near-term support- 91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
22.37 |
|
ADX |
Neutral |
|
It is good to buy on dips around 92 with SL around 91 for a TP of 93.45/95.
