NZDJPY gained above 93.50 after the RBNZ hawkish rate pause. It reached an intraday high of 93.68 and is currently trading near 93.58. If the 94.40 resistance holds, the downward trend seems to be going well.
|
Technicals |
CMP -93.58 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
93.205 |
CMP>value |
Bullish |
|
200- EMA |
93.201 |
CMP >value |
Bullish |
|
365- EMA |
93.214 |
CMP>value |
Bullish |
Near-term resistance - 94/94.50/95/96. Near-term support- 92.45/91.80/91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
169.38 |
|
ADX |
Neutral |
Strength increased from 15.85 to 31.39 |
It is good to buy on dips around 93.38-40 with SL around 92.80 for a TP of 94.40/95.
