NZDJPY Smashes 4-Month High on Kiwi Buying Frenzy – Bullish Setup Remains Strong

NZDJPY hits 4-month high on board-based New Zealand dollar buying.  If the 93.30 support holds, the uptrend appears to be trending toward favorability.

 

Technicals	CMP -94.06	Trend
1- Hour chart	Value
55 EMA	93.49	CMP>value	Bullish
200- EMA	92.88	CMP >value	Bullish
365- EMA	92.67	CMP>value	Bullish
EMA	92.75	CMP>Value	Bullish

 Near-term resistance - 94.20/94.40/95/95.50. Near-term support-93.50/93/ 92.60/92/ 91/90.50/89.

Momentum indicator	Inference	Value
CCI(50)	Bullish	163
ADX	Neutral

 It is good to buy on dips around 92.48.50 with an SL around 91.80, for a TP of 95.