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NZDJPY Bears Take the Wheel: Sell-the-Rally Setup Targets 90.50 as Kiwi Cracks

NZDJPY pared some of its gains on board-based New Zealand dollar weakness. It hits an intraday low of  92.89, and it is now around 92.90. If the 94.20 resistance holds, the downtrend looks to be trending toward favorability.

 

Technicals

CMP -92.93

Trend

4- Hour chart

Value

 

 

55 EMA

93.58

CMP<value

Bearish

200- EMA

93.50

CMP <value

Bearish

365- EMA

93.21

CMP<value

Bearish

 Near-term resistance - 93.60/94/94.40/95/95.50/96.15/96.85/97.25. Near-term support- 92.40/91.80/91/90.50/89.

Momentum indicator

Inference

Value

CCI(50)

Bearish

-84.48

ADX

Neutral

 

 It is good to sell on rallies around  93 with SL around 93.65 for a TP of 90.50/90.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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