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Kiwi-Yen Bulls Reload at 93: EMA Support Stack Points to 96–97 Targets

NZDJPY pared some of its gains on board-bassed New Zealand dollar weakness. After hitting an intraday low of 93.75, it is currently trading at about 93.89. Should the 93 support hold, the upward trend appears to be moving favorably.

 

Technicals

CMP -93.89

Trend

4- Hour chart

Value

 

 

55 EMA

94.13

CMP<value

Bullish

200- EMA

93.56

CMP >value

Bullish

365- EMA

93.19

CMP>value

Bullish

 Near-term resistance - 94.40/95/95.50/96.15/96.85/97.25. Near-term support- 93.70/93/92.40/91.80/91/90.50/89.

Momentum indicator

Inference

Value

CCI(50)

Bullish

-35.35

ADX

Neutral

Strength increased from 22.06 to 27.61

 It is good to buy on dips around 93.50 with SL around 92.80 for a TP of 96.15/97.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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