NZDJPY holds above 93.50 on board-based yen weakness. It reached an high of 94.09 and is currently trading near 93.93. If the 91.80 support level stays steady, the upward trend seems to be going well.
|
Technicals |
CMP -93.89 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
93.63 |
CMP>value |
Bullish |
|
200- EMA |
93.29 |
CMP >value |
Bullish |
|
365- EMA |
92.96 |
CMP>value |
Bullish |
Near-term resistance - 91.50/92.01/92.75/93. Near-term support- 91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
115.66 |
|
ADX |
Neutral |
|
It is good to buy on dips around 93.48-50 with SL around 92.75 for a TP of 95/96.
