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NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock

The NZDJPY saw a notable rise, driven largely by broad selling of the New Zealand dollar. It reached an intraday peak at 92.54 and is now hovering around 92.33. The upward trend seems intact, provided the 91.80 support level remains stable.

 

Technicals

CMP -92.32

Trend

1- Hour chart

Value

 

 

55 EMA

91.41

CMP>value

Bullish

200- EMA

91.48

CMP >value

Bullish

365- EMA

91.96

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

296

ADX

Bullish

Strength increased from 17 to 36

 It is good to buy on dips around 91.80 with SL around 91 for a TP of 93.45/95.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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