Easing geopolitical tension helped NZDJPY exhibit a small pullback. It reached an intraday high of 93.46 and is now about 93.30. If the 94.20 resistance stays, the downtrend looks to be moving toward favorability.
|
Technicals |
CMP -92.298 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
93.48 |
CMP<value |
Bearish |
|
200- EMA |
93.47 |
CMP <value |
Bearish |
|
365- EMA |
93.21 |
CMP>value |
Bullish |
Near-term resistance - 93.60/94/94.40/95/95.50/96.15/96.85/97.25. Near-term support- 92.40/91.80/91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-41.27 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 93.28-30 with SL around 94 for a TP of 90.50/90.


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