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NZDJPY Plunges Below 90 Amidst Broad New Zealand Dollar Weakness; Resistance at 90.80 Key for Downside Continuation

NZDJPY trades below the 90 level on board-based New Zealand dollar selling. The downtrend seems to be leaning toward favorability if the 90.80 resistance holds.

 

Technicals

CMP -89.47

Trend

1- Hour chart

Value

 

 

55 EMA

89.94

CMP<value

Bearish

200- EMA

91.44

CMP <value

Bearish

365- EMA

92.16

CMP<value

Bearish

  1. EMA

92.39

CMP<Value

Bearish

 Near-term resistance - 90.10/90.80/91.25/91.80/92/92.30/93.20. Near-term support: 89/88

Momentum indicator

Inference

Value

CCI(50)

Bearish

-50.26

ADX

Bearish

Strength increased from12.27 to 14.17

 It is good to sell on rallies around 89.68-70  an SL around 90.60 for a TP of 88.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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