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NZDJPY is trading weak for the second consecutive week amid broad-based New Zealand dollar weakness. It reaches a low of 91.03, and it is presently near 91.239. The downtrend seems to be leaning toward favorability if the 92 resistance holds.
|
Technicals |
CMP -91.23 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
91.55 |
CMP<value |
Bearish |
|
200- EMA |
92.35 |
CMP <value |
Bearish |
|
365- EMA |
92.76 |
CMP<value |
Bearish |
Near-term resistance - 91.85/92.20/92.70/93.25/93.62/94/94.40/95/95.50. Near-term support- 91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-45 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 91.48-50 with SL around 92.20 for a TP of 90.
