NZDJPY Bears Take Control: Kiwi Weakness Drags Pair Toward 90.00 Support
NZDJPY lost its shine on board-based New Zealand dollar selling. It hit a low of 90.97; now trading about 91.15. If the 92.50 resistance holds, the trend is currently downward. Technicals CMP -91.16 Trend 1- Hour chart V…
NZDJPY lost its shine on board-based New Zealand dollar selling. It hit a low of 90.97; now trading about 91.15. If the 92.50 resistance holds, the trend is currently downward.
Technicals
CMP -91.16
Trend
1- Hour chart
Value
55 EMA
91.62
CMP<value
Bearish
200- EMA
92.23
CMP <value
Bearish
365- EMA
92.51
CMP< value
Bearish
Momentum indicator
Inference
Value
CCI(50)
Bearish
-105.72
ADX
Neutral
It is good to sell on rallies around 92.95-93 with SL around 94.18 for a TP of 90.
