NZDJPY lost its shine after the second consecutive rate hike of 25 bpbs by the RBNZ. If the 94.40 resistance holds, the downtrend appears to be trending toward favorability.
|
Technicals |
CMP -92.93 |
Trend |
|
|
4-hour chart |
Value |
|
|
|
55 EMA |
94.42 |
CMP<value |
Bearish |
|
200- EMA |
94.02 |
CMP >value |
Bullish |
|
365- EMA |
93.74 |
CMP>value |
Bullish |
|
93.05 |
CMP>Value |
Bullish |
Near-term resistance - 93.50/94.40//95.50/96.25/97. Near-term support- 92.60/92/ 91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-478 |
|
ADX |
Bearish |
Strength increased from 11.69 to 18.18 |
It is good to sell on rallies around 93.18-20 with an SL around 94.40, for a TP of 90.


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