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NZDJPY Dips to 95.10: Bulls Buy the Pullback as Key 93.50 Support Keeps Uptrend Intact

 

 

 

NZDJPY showed a  minor sell-off after hitting multi-week high. It is now trading near 95.10 after reaching an intraday high of 95.45. The upward trend seems to be going well if the 93.50 support holds.

 

Technicals

CMP -95.11

Trend

1- Hour chart

Value

 

 

55 EMA

93.88

CMP>value

Bullish

200- EMA

93.38

CMP >value

Bullish

365- EMA

93.06

CMP>value

Bullish

 Near-term resistance - 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

59.90

ADX

Neutral

 

 It is good to buy on dips around 94.40 with SL around 93.50 for a TP of 96.15/97.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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