NZDJPY Holds 95 Amidst Buying Pressure, Technicals Point to Potential Downtrend

NZDJPY holds the 95 level on board-based New Zealand dollar buying. If the 94.40  resistance holds, the downtrend appears to be trending toward favorability.

 

Technicals	CMP -94.95	Trend
4- Hour chart	Value
55 EMA	94.51	CMP<value	Bearish
200- EMA	93.94	CMP <value	Bearish
365- EMA	93.51	CMP>value	Bullish
EMA	92.99	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)	Bullish	76
ADX	Neutral	Strength increased from 16.26 to 17.60

 It is good to buy on dips around 94.20 with an SL around 93.30, for a TP of 97.