NZDJPY Under Pressure: Kiwi Sell-Off Drags Pair Toward Critical Support
NZDJPY lost its shine on board-based New Zealand dollar selling. With a current price of 92.58, it approached its intraday low of 92.12. If the 91.80 support stays, the trend during the day is up. Technicals CMP -92.436 …
NZDJPY lost its shine on board-based New Zealand dollar selling. With a current price of 92.58, it approached its intraday low of 92.12. If the 91.80 support stays, the trend during the day is up.
Technicals
CMP -92.436
Trend
1- Hour chart
Value
55 EMA
92.815
CMP< value
Bullish
200- EMA
92.97
CMP <value
Bearish
365- EMA
93.03
CMP< value
Bearish
Momentum indicator
Inference
Value
CCI(50)
Bearish
-100.11
ADX
Bearish
Strength increased from 12 to 14.92
It is good to sell on rallies around 92.98-93 with SL around 94.18 for a TP of 90.
