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NZDJPY Under Pressure: Kiwi Slump Eyes 90.85 as Technicals Turn Bearish

 

Due to board-based New Zealand dollar depreciation, NZDJPY cut some of its gains. At 92.57, it was close to its intraday low of 92.37. The trend during the trading day is downward if the resistance level at 94.20 remains unbroken.

 

Technicals

CMP -92.55

Trend

1- Hour chart

Value

 

 

55 EMA

92.93

CMP >value

Bearish

200- EMA

93.09

CMP <value

Bearish

365- EMA

93.11

CMP< value

Bearish

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-197.42

ADX

Bearish

Strength increased from 16 to 18

 

It is good to sell on rallies around 93.18-20  with SL around 94.18 for a TP of 90.85/90.

 

 

 

 

 

 

 

 

 

 

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