NZDJPY is consolidating after a minor sell-off. After hitting an intraday low of 93.56, it is currently trading at about 93.93. Should the 93 support hold, the upward trend appears to be moving favorably.
|
Technicals |
CMP -93.93 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
94.08 |
CMP<value |
Bearish |
|
200- EMA |
93.57 |
CMP >value |
Bullish |
|
365- EMA |
93.20 |
CMP>value |
Bullish |
Near-term resistance - 94.40/95/95.50/96.15/96.85/97.25. Near-term support- 93.70/93/92.40/91.80/91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-49 |
|
ADX |
Neutral |
|
It is good to buy on dips around 93.50 with SL around 92.80 for a TP of 96.15/97.
