NZDJPY Bullish at 365-EMA Support: Buy Dips Toward 95 Target

NZDJPY took support near the 365-H EMA and showed a minor pullback. It hit an intraday low of 93.499 and is currently trading around 93.63.

 

Technicals	CMP -93.63	Trend
4- Hour chart	Value
55 EMA	92.84	CMP>value	Bullish
200- EMA	93.31	CMP >value	Bullish
365- EMA	93.50	CMP>value	Bullish
EMA	93.50	CMP>Value	Bullish

Near-term resistance - 94/94.50/95/96. Near-term support- 92.80/92/91.60/ 91/90.50/89.

 

Momentum indicator	Inference	Value
CCI(50)	Bullish	83.50
ADX	Neutral

 It is good to buy on dips around 93.50, with an SL around 92.80, for a TP of 95.