NZDJPY Dips Create Fresh Buy Opportunity as Key Support Holds

NZDJPY showed a minor sell-off as New Zealand dollar loses momentum. If the 93.60 support  holds, the uptrend appears to be trending toward favorability.

 

Technicals	CMP -94.82	Trend
1- Hour chart	Value
55 EMA	95.01	CMP<value	Bearish
200- EMA	94.42	CMP >value	Bullish
365- EMA	93.86	CMP>value	Bullish
EMA	93.38	CMP>Value	Bullish

 Near-term resistance - 95.50/96.25/97. Near-term support- 94.40/93.70/93.30/93/ 92.60/92/ 91/90.50/89.

Momentum indicator	Inference	Value
CCI(50)	Bearish	-169.01
ADX	Bearish	Strength increased from 16.62 to 21.99

 It is good to buy on dips around 94.40 with an SL around 93.60, for a TP of 97.