NZDJPY Bullish Surge: RBNZ Hawkish Pause Fuels Rally Toward 95 as 92.60 Support Holds

 

 

NZDJPY was one of the best performer after hawkish rate pause by RBNZ. If the 92.60 support  holds, the uptrend appears to be trending toward favorability.

 

Technicals	CMP -93.35	Trend
1- Hour chart	Value
55 EMA	92.46	CMP>value	Bullish
200- EMA	93.02	CMP >value	Bullish
365- EMA	92.41	CMP>value	Bullish
EMA	92.65	CMP>Value	Bullish

 Near-term resistance - 93.62/94/94.40/95/95.50. Near-term support- 92.60/92/ 91/90.50/89.

Momentum indicator	Inference	Value
CCI(50)	Bullish	127
ADX	Neutral

 It is good to buy on dips around 93  with an SL around 92.40, for a TP of 94.40.