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NZD/JPY Eyeing 95.00: Bullish Trend Holds Amid Strategic Consolidation

 

 

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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