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NZDJPY Powers Past 93.50 on Hawkish RBNZ Pause—Bulls Target 94.40, But Resistance Awaits

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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