NZDJPY gained more than 60 pips from the minor bottom at 88.22 on board-based yen selling. The downtrend seems to be leaning toward favorability if the 90.80 resistance holds.
|
Technicals |
CMP-88.89 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
88.84 |
CMP<value |
Bearish |
|
200- EMA |
89.29 |
CMP <value |
Bearish |
|
365- EMA |
89.77 |
CMP<value |
Bearish |
|
90.92 |
CMP<Value |
Bearish |
Near-term resistance - 89.60/90/90.80/91.25/91.80/92/92.30/93.20. Near-term support- 88/87/86.34.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
61.29 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 89.18-20 an SL around 90 for a TP of 86.34.


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