Board-based Yen depreciation helped NZDJPY recover quickly. It peaked at 92.47 yesterday and now sits around 92.348. If the 91 support holds, the uptrend appears to be improving.
|
Technicals |
CMP -92.35 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
91.85 |
CMP>value |
Bullish |
|
200- EMA |
91.91 |
CMP >value |
Bullish |
|
365- EMA |
92.28 |
CMP>value |
Bullish |
Near-term resistance - 2.70/93.25/93.62/94/94.40/95/95.50. Near-term support- 91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
106.77 |
|
ADX |
Neutral |
|
It is good to buy on dips around 92 with SL around 91.40 for a TP of 94.
