NZDJPY rose beyond 93.50 as the US-Iran peace agreement finished. It reaches an intraday high of 93.81, and it is presently near 93.64. The uptrend seems to be leaning toward favorability if the 92.50 support holds.
|
Technicals |
CMP -93.643 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
93.475 |
CMP>value |
Bullish |
|
200- EMA |
93.46 |
CMP >value |
Bullish |
|
365- EMA |
93.21 |
CMP>value |
Bullish |
Near-term resistance - 94/94.40/95/95.50/96.15/96.85/97.25. Near-term support- 93/92.40/91.80/91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
39.66 |
|
ADX |
Neutral |
|
It is good to sbuy on dips around 93.50 with SL around 92.50 for a TP of 96.15.
