As the New Zealand dollar gathers steam, NZDJPY climbs for the third straight day. Yesterday it reached 94.18; today it is trading around 94.10. The upward trend looks to be proceeding nicely, provided the 92.90 support level remains firm.
|
Technicals |
CMP -94.12 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
93.82 |
CMP>value |
Bullish |
|
200- EMA |
93.43 |
CMP >value |
Bullish |
|
365- EMA |
93.07 |
CMP>value |
Bullish |
Near-term resistance - 91.50/92.01/92.75/93. Near-term support- 91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
93.87 |
|
ADX |
Neutral |
|
It is good to buy on dips around 93.48-50 with SL around 92.75 for a TP of 95/96.
