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NZDJPY Extremely Bullish Above 94: Broad NZD Buying Fuels Fresh Upside – Buy Dips at 93.70 Targeting 95 
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NZDJPY has been consolidating in a narrow range between 92.90 and 91.70 for the past two days. It reached an intraday low of 92.11 and is currently trading near 92.36. If the 93 resistance level stays steady, the downward trend seems to be going well.
|
Technicals |
CMP -92.35 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
92.51 |
CMP< value |
Bearish |
|
200- EMA |
93.06 |
CMP <value |
Bearish |
|
365- EMA |
93.14 |
CMP< value |
Bearish |
Near-term resistance - 93/93.60/94.50/95/96. Near-term support- 93/92.70/91.80/91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-39.54 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 93, with an SL around 94, for a TP of 90.
