NZDJPY holds above the 93 level as reducing geopolitical tension lessened demand for safe-haven assets. It reaches 93.24 and is currently trading about 93.11. Assuming the 92 support level stays steady, the upward trend appears unbroken.
|
Technicals |
CMP -93.12 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
92.48 |
CMP>value |
Bullish |
|
200- EMA |
91.90 |
CMP >value |
Bullish |
|
365- EMA |
91.99 |
CMP>value |
Bullish |
Near-term resistance - 93.30/94.18. Near-term support- 92.54/91.80/91.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
120.02 |
|
ADX |
Neutral |
|
It is good to buy on dips around 92.30, with an SL around 91.45, for a TP of 94.18/95.
