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.
