NZDJPY Bears Ready to Strike: Sell Rallies at 93 as EMAs Signal Deeper Slide to 90

NZDJPY has traded in a narrow range between 93 and 92.39 over the past three days.  It hit an intraday low of  91.88 yesterday and is currently trading around 92.71.

 

Technicals	CMP -92.716	Trend
4- Hour chart	Value
55 EMA	92.73	CMP<value	Bearish
200- EMA	93.37	CMP <value	Bearish
365- EMA	93.63	CMP<value	Bearish
EMA	93.55	CMP<Value	Bearish

Near-term resistance - 93/93.60/94.50. Near-term support- 92/91.60/ 91/90.50/89.

 

Momentum indicator	Inference	Value
CCI(50)	Neutral
ADX	Neutral

 It is good to sell on rallies around 93, with an SL around 94, for a TP of 90.