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.
