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NZDJPY Dips to 95.10: Bulls Buy the Pullback as Key 93.50 Support Keeps Uptrend Intact 
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NZDJPY took support near 38.2% and showed a minor jump. It is now trading near 95.10 after reaching an intraday low of 94.41. The upward trend seems to be going well if the 93.50 support holds.
|
Technicals |
CMP -94.72 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
94.05 |
CMP>value |
Bullish |
|
200- EMA |
93.45 |
CMP >value |
Bullish |
|
365- EMA |
93.10 |
CMP>value |
Bullish |
Near-term resistance - 95.50/96.15/96.85/97.25/98. Near-term support- 94.40/93.80/93/92.40/91.80/91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
79.24 |
|
ADX |
Neutral |
|
It is good to buy on dips around 94.40 with SL around 93.50 for a TP of 96.15/97.
