NZDJPY showed a minor sell-off after hitting multi-week high. It is now trading near 95.10 after reaching an intraday high of 95.45. The upward trend seems to be going well if the 93.50 support holds.
|
Technicals |
CMP -95.11 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
93.88 |
CMP>value |
Bullish |
|
200- EMA |
93.38 |
CMP >value |
Bullish |
|
365- EMA |
93.06 |
CMP>value |
Bullish |
Near-term resistance - 96.15/96.85/97.25/98. Near-term support- 94.40/93.80/93/92.40/91.80/91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
59.90 |
|
ADX |
Neutral |
|
It is good to buy on dips around 94.40 with SL around 93.50 for a TP of 96.15/97.


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