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NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally

NZDJPY holds above the 93 level as reducing geopolitical tension lessened demand for safe-haven assets. It reaches 93.24 and is currently trading about 93.11. Assuming the 92 support level stays steady, the upward trend appears unbroken.

 

Technicals

CMP -93.12

Trend

1- Hour chart

Value

 

 

55 EMA

92.48

CMP>value

Bullish

200- EMA

91.90

CMP >value

Bullish

365- EMA

91.99

CMP>value

Bullish

 Near-term resistance - 93.30/94.18. Near-term support- 92.54/91.80/91.

Momentum indicator

Inference

Value

CCI(50)

Bullish

120.02

ADX

Neutral

 

 It is good to buy on dips around 92.30, with an SL around 91.45, for a TP of 94.18/95.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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