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Kiwi Ascendant: NZDJPY Bulls Eye Multi-Year Peaks Amid Triple-Day Rally

 NZDJPY trades higher for the third consecutive day on board-based New Zealand dollar. It hits an intraday high of  92.74 and is now hovering around 92.71. The upward trend seems intact, provided the 91.80 support level remains stable.

 

Technicals

CMP -92.69

Trend

1- Hour chart

Value

 

 

55 EMA

92.02

CMP>value

Bullish

200- EMA

91.68

CMP >value

Bullish

365- EMA

91.89

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)

Bullish

92.56

ADX

Bullish

Strength increased from 37 to 39.85

 It is good to buy on dips around 92 with SL around 91 for a TP of 94/95.

 

 

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