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NZDJPY Bears Reload as 92 Resistance Caps Bounce; Sell-on-Rallies Eyed Toward 90

NZDJPY  is consolidating in a narrow range after a massive sell-off. It reaches an intraday low of 91.09, and it is presently near 91.309. The downtrend seems to be leaning toward favorability if the 92 resistance  holds.

Technicals

CMP -91.30

Trend

4- Hour chart

Value

 

 

55 EMA

91.55

CMP<value

Bearish

200- EMA

92.35

CMP <value

Bearish

365- EMA

92.76

CMP<value

Bearish

 Near-term resistance - 91.85/92.20/92.70/93.25/93.62/94/94.40/95/95.50. Near-term support-  91/90.50/89.

Momentum indicator

Inference

Value

CCI(50)

Bearish

-45

ADX

Neutral

 

 It is good to sell on rallies around  91.48-50 with SL around  92.20 for a TP of 90.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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