The NZDJPY saw a notable rise, driven largely by broad selling of the New Zealand dollar. It reached an intraday peak at 92.54 and is now hovering around 92.33. The upward trend seems intact, provided the 91.80 support level remains stable.
|
Technicals |
CMP -92.32 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
91.41 |
CMP>value |
Bullish |
|
200- EMA |
91.48 |
CMP >value |
Bullish |
|
365- EMA |
91.96 |
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 |
296 |
|
ADX |
Bullish |
Strength increased from 17 to 36 |
It is good to buy on dips around 91.80 with SL around 91 for a TP of 93.45/95.
