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NZDJPY Pulls Back on Kiwi Weakness: Buy Dips at 94.40 Targeting 97

NZDJPY showed a minor sell-off as the New Zealand dollar loses momentum. If the 93.60 support holds, the uptrend appears to be trending toward favorability.

 

Technicals

CMP -94.82

Trend

1- Hour chart

Value

 

 

55 EMA

95.01

CMP<value

Bearish

200- EMA

94.42

CMP >value

Bullish

365- EMA

93.86

CMP>value

Bullish

  1. EMA

93.38

CMP>Value

Bullish

 Near-term resistance - 95.50/96.25/97. Near-term support- 94.40/93.70/93.30/93/ 92.60/92/ 91/90.50/89.

Momentum indicator

Inference

Value

CCI(50)

Bearish

-169.01

ADX

Bearish

Strength increased from 16.62 to 21.99

 It is good to buy on dips around 94.40 with an SL around 93.60, for a TP of 97.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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