NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target

NZDJPY recovered above the 95 level on board-based New Zealand dollar buying. If the 93.60 support holds, the uptrend appears to be trending toward favorability.

 

Technicals	CMP -95.22	Trend
4- Hour chart	Value
55 EMA	94.60	CMP>value	Bullish
200- EMA	93.78	CMP >value	Bullish
365- EMA	93.45	CMP>value	Bullish
EMA	92.69	CMP>Value	Bullish

 Near-term resistance - 95.50/96.25/97. Near-term support- 94.35/93.70/93.30/93/ 92.60/92/ 91/90.50/89.

Momentum indicator	Inference	Value
CCI(50)	Bullish	37
ADX	Bullish	Strength increased from 17.68 to 18.81

 It is good to buy on dips around 95 with SL around  94 for the TP of 97.