As the yen weakens on re-escalation of US-Iran tensions, NZDJPY showed a small retreat. It dropped to 92.96 and is now trading around 93.31. The upward trend seems to be going well, provided the support level of 91.80 remains strong.
|
Technicals |
CMP -93.28 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
93.56 |
CMP<value |
Bearish |
|
200- EMA |
93.19 |
CMP >value |
Bullish |
|
365- EMA |
92.85 |
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) |
Bearish |
-78.62 |
|
ADX |
Neutral |
|
It is good to buy on dips around 93 with SL around 92 for a TP of 95/96.
