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NZD/JPY Loses Its Shine: Kiwi Cracks Under Pressure as Bears Target 91.80

NZDJPY lost its shine on board-based New Zealand dollar weakness. It reached an intraday low of 91.77, and it is presently near 91.86. The downtrend seems to be leaning toward favorability if the 93 resistance holds.

Technicals

CMP -91.88

Trend

4- Hour chart

Value

 

 

55 EMA

92.96

CMP<value

Bearish

200- EMA

93.29

CMP <value

Bearish

365- EMA

93.15

CMP<value

Bearish

 Near-term resistance - 92.70/93.25/93.62/94/94.40/95/95.50/96.15/96.85/97.25. Near-term support-  92.40/91.80/91/90.50/89.

Momentum indicator

Inference

Value

CCI(50)

Bearish

-174.40

ADX

Bearish

Strength increased from 37.76 to 39.44

 It is good to sell on rallies around  93.28-30 with SL around  94 for a TP of 91.80.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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