NZDJPY Consolidates, Resistance at 90.78 May Signal Favorability for Downtrend 
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Following a major sell-off, NZDJPY showed a modest rebound. The downtrend seems to be leaning toward favorability if the 90.50 resistance holds.
|
Technicals |
CMP -89.26 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
89.33 |
CMP<value |
Bearish |
|
200- EMA |
90.41 |
CMP <value |
Bearish |
|
365- EMA |
91.41 |
CMP<value |
Bearish |
|
92.48 |
CMP<Value |
Bearish |
Near-term resistance - 90/90.50/90.97/91.80/92/92.30/93.20. Near-term support- 89/88
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
|
|
ADX |
Neutral |
|
It is good to sell on rallies around 90.18-20 with an SL around 91, for a TP of 88.
