NZDJPY showed a minor pullback as the New Zealand dollar gained momentum. If the 92.70 resistance holds, the downtrend appears to be trending toward favorability.
|
Technicals |
CMP -92.07 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
91.94 |
CMP>value |
Bullish |
|
200- EMA |
91.95 |
CMP >value |
Bullish |
|
365- EMA |
92.23 |
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, with an SL around 93, for a TP of 90.
