NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?

NZDJPY has traded flat for the past week after forming a temporary top around 95.436. If the 93.60 support holds, the uptrend appears to be trending toward favorability.

 

Technicals	CMP -94.59	Trend
4- Hour chart	Value
55 EMA	94.58	CMP>value	Bullish
200- EMA	93.73	CMP >value	Bullish
365- EMA	93.41	CMP>value	Bullish
EMA	92.66	CMP>Value	Bullish

 Near-term resistance - 95.50/96.25/97. Near-term support- 94.35/93.70/93.30/93/ 92.60/92/ 91/90.50/89.

Momentum indicator	Inference	Value
CCI(50)	Beairsh	-77.83
ADX	Neutral

 It is good to stay away till further confirmation.