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NZDJPY Turns Bullish After RBNZ Pause – Buy Dips Toward 95?

NZDJPY  gained sharply after the RBNZ rate pause. If the 91.80 support holds, the uptrend appears to be trending toward favorability.

 

Technicals

CMP -92.74

Trend

1- Hour chart

Value

 

 

55 EMA

92.10

CMP>value

Bullish

200- EMA

92.60

CMP >value

Bullish

365- EMA

92.76

CMP>value

Bullish

  1. EMA

92.22

CMP>Value

Bullish

 Near-term resistance - 92.70/93.25/93.62/94/94.40/95/95.50. Near-term support-  91/90.50/89.

Momentum indicator

Inference

Value

CCI(50)

Bullish

129

ADX

Neutral

 

 It is good to buy on dips around 92.48.50 with an SL around 91.80, for a TP of 95.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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