NZDJPY Holds Near Multi‑Month Highs: Buy‑on‑Dips Setup Above Key 90 Support

NZDJPY trades flat after hitting a multi-month high. The intraday trend is bullish as long as the support at 90 lasts. The pair reached a high of 90.89; it presently trades around 90.65.

Oscillators and moving averages to forecast the trend of NZDJPY

CMP- 90.659

EMA (4-hour chart)

55-EMA- 90.24

200-EMA- 89.61

365-EMA- 89.14. The pair trades above the short (55 EMA)  and long-term moving average(200 and 365).

Major support- 90.60. Any breach below will drag the pair down to 90/89.30/88.70/88.40/87.99/87.20/86.65/85.37/85.

Major resistance - 91. Any break above 91 confirms minor bullishness, a jump to 91.39/92.

Indicator (1-hour chart)

CCI (50)- bullish

Average directional movement Index-  Neutral. All indicators confirm a neutral trend.

It is good to buy on dips around 90 with SL around 89 for TP of 92.