NZDJPY pared most of its gains on board-based New Zealand dolla selling. It reached an low of 93.33 yesterday and is currently trading near 93.46. If the 92.80 support level stays steady, the upward trend seems to be going well.
|
Technicals |
CMP -93.46 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
93.77 |
CMP< value |
Bearish |
|
200- EMA |
93.59 |
CMP <value |
Bearish |
|
365- EMA |
93.26 |
CMP>value |
Bullish |
Near-term resistance - 94.50/95/96. Near-term support- 93/91.80/91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
-125.51 |
|
ADX |
Neutral |
|
It is good to buy on dips around 93.58-60 with SL around 92.85 for a TP of 95/96.
