As the New Zealand dollar dropped, NZDJPY reduced most of its advances. It dropped to an intraday low of 90.829 and is currently trading around 90.89. If the 92 resistance holds, the trend is presently downward.
|
Technicals |
CMP -90.89 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
91.28 |
CMP<value |
Bearish |
|
200- EMA |
91.84 |
CMP <value |
Bearish |
|
365- EMA |
92.20 |
CMP< value |
Bearish |
Near-term resistance - 91.50/92.01/92.75/93. Nqear-term support- 91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-128 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 91.50 with SL around 92.20 for a TP of 90.
