NZDJPY pared most of its gains as yen gains momentum. It reached an intraday high of 93.75 and is currently trading near 93.21.If the 94.40 resistance level stays steady, the downward trend seems to be going well.
|
Technicals |
CMP -93.21 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
93.68 |
CMP< value |
Bearish |
|
200- EMA |
93.705 |
CMP <value |
Bearish |
|
365- EMA |
93.48 |
CMP< value |
Bearish |
Near-term resistance - 94.50/95/96. Near-term support- 93/92.70/91.80/91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-129 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 93.48-50 with SL around 94.41 for a TP of 90.
