NZDJPY Holds Steady: Sell on Rallies Amidst Sideways Trading

NZDJPY  is trading flat with neutral bias. If the 92.70 resistance  holds, the downtrend appears to be trending toward favorability.

 

Technicals	CMP -92.21	Trend
1- Hour chart	Value
55 EMA	92.18	CMP>value	Bullish
200- EMA	92.04	CMP >value	Bullish
365- EMA	92.21	CMP<value	Bearish
EMA	92.62	CMP<Value	Bearish

 Near-term resistance - 92.70/93.25/93.62/94/94.40/95/95.50. Near-term support-  91/90.50/89.

Momentum indicator	Inference	Value
CCI(50)	Neutral
ADX	Neutral

 It is good to sell on rallies around 92.28-30, with an SL around 93, for a TP of 90.