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NZDJPY Consolidation: Bullish Resilience Prepares for a Breakout Toward 96.00

NZDJPY is consolidating in a narrow range after a minor pullback. It reached an high of 94.09 and is currently trading near 93.90. If the 91.80 support level stays steady, the upward trend seems to be going well.

 

Technicals

CMP -93.69

Trend

1- Hour chart

Value

 

 

55 EMA

93.72

CMP>value

Bullish

200- EMA

92.96

CMP >value

Bullish

365- EMA

92.64

CMP>value

Bullish

 Near-term resistance - 91.50/92.01/92.75/93. Near-term support- 91/90.50/89.

Momentum indicator

Inference

Value

CCI(50)

Bullish

70.96

ADX

Neutral

 

 It is good to buy on dips around 93.48-50 with SL around 92.75 for a TP of 95/96.

 

 

 

 

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