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NZDJPY Dip-Buy Setup: 93.58 Holds as Bulls Eye 95–96

 

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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