NZDJPY pared some of its gains on board-based New Zealand dollar selling. It reached an intraday low of 93.5 and is currently trading near 93.61. If the 94.40 resistance holds, the downward trend seems to be going well.
|
Technicals |
CMP -93.59 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
93.66 |
CMP< value |
Bullish |
|
200- EMA |
93.38 |
CMP >value |
Bullish |
|
365- EMA |
93.30 |
CMP>value |
Bullish |
Near-term resistance - 94/94.50/95/96. Near-term support- 92.70/91.80/91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-45.45 |
|
ADX |
Bearish |
Strength increased from 13.94 to 16.38 |
It is good to sell on rallies around 93.58-60 with SL around 94.40 for a TP of 90.
