NZDJPY Hawks Strike Back – Rally Fizzles at 93, Bears Take Control
NZDJPY pared most of its gains after hawkish rate pause. It hits an intraday low of 92 and is currently trading around 92.21. Intraday trend is weak as long resistance 93 holds. Technicals CMP -92.21 Trend 1- Hour chart …
NZDJPY pared most of its gains after hawkish rate pause. It hits an intraday low of 92 and is currently trading around 92.21. Intraday trend is weak as long resistance 93 holds.
Technicals
CMP -92.21
Trend
1- Hour chart
Value
55 EMA
92.46
CMP <value
Bearish
200- EMA
92.83
CMP < value
Bearish
365- EMA
92.92
CMP <value
Bearish
Momentum indicator
Inference
Value
CCI(50)
Bearish
-171.34
ADX
Neutral
Strength increased from 20.56 to 24
It is good to sell on rallies around 92.38-40 with SL around 93 for a TP of 91.05/90.
