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NZDJPY Pivot: Bulls Eye a Rebound as Key Support Holds Steady

Board-based New Zealand dollar selling caused NZDJPY to cut some of its gains. It touched an intraday low of 93.70, and right now it's trading at about 93.88. The upward trend seems to be going well, provided the 92.80 support level remains robust.

Technicals

CMP -93.85

Trend

1- Hour chart

Value

 

 

55 EMA

93.93

CMP>value

Bullish

200- EMA

93.71

CMP >value

Bullish

365- EMA

93.41

CMP>value

Bullish

 Near-term resistance - 91.50/92.01/92.75/93. Near-term support- 91/90.50/89.

Momentum indicator

Inference

Value

CCI(50)

Bearish

-27.70

ADX

Neutral

 

 It is good to buy on dips around 93.58-60  with SL around 92.85 for a TP of 95/96.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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