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Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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