NZDJPY pared some of its gains after a minor pullback above the 90 level. The downtrend seems to be leaning toward a favorable outcome if the 90.80 resistance holds.
|
Technicals |
CMP -90.191 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
90.01 |
CMP<value |
Bearish |
|
200- EMA |
91.75 |
CMP <value |
Bearish |
|
365- EMA |
92.40 |
CMP<value |
Bearish |
|
92.51 |
CMP<Value |
Bearish |
Near-term resistance - 90.80/91.25/91.80/92/92.30/93.20. Near-term support- 89/88
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
59.84 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 90.28-30 an SL around 91, for a TP of 88.


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