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NZDJPY Hawks Strike Back – Rally Fizzles at 93, Bears Take Control

 

 

 

 

NZDJPY pared most of its gains  after hawkish rate pause. It hits an intraday low of 92 and is currently trading around 92.21. Intraday trend is weak as long resistance 93 holds.

 

Technicals

CMP -92.21

Trend

1- Hour chart

Value

 

 

55 EMA

92.46

CMP <value

Bearish

200- EMA

92.83

CMP < value

Bearish

365- EMA

92.92

CMP <value

Bearish

 

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-171.34

ADX

Neutral

Strength  increased from 20.56 to 24

 

It is good to sell on rallies around 92.38-40 with SL around 93 for a TP of 91.05/90.

 

 

 

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