NZDJPY pared some of its gains on board-based New Zealand dollar selling. If the 95.20 resistance holds, the downtrend appears to be trending toward favorability.
|
Technicals |
CMP -94.46 |
Trend |
|
|
4-hour chart |
Value |
|
|
|
55 EMA |
94.54 |
CMP<value |
Bearish |
|
200- EMA |
94.02 |
CMP >value |
Bullish |
|
365- EMA |
93.73 |
CMP>value |
Bullish |
|
93.03 |
CMP>Value |
Bullish |
Near-term resistance - 95.20/95.50/96.25/97. Near-term support- 94.20/93.70/93.30/93/ 92.60/92/ 91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-92.17 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 94.78-80 with an SL around 95.25, for a TP of 90.
