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Sell NZDJPY Rallies – 93 Holds, 90 Beckons

NZDJPY pared some of its gains as the yen gained momentum. It hits an intraday low of 92.25 and is currently trading around 92.44. Intraday trend is weak as long resistance 93 resistance holds.

 

Technicals

CMP -92.45

Trend

1- Hour chart

Value

 

 

55 EMA

92.48

CMP> value

Bearish

200- EMA

92.64

CMP < value

Bearish

365- EMA

92.73

CMP <value

Bearish

 

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

-30.80

ADX

Neutral

 

It is good to sell on rallies around 92.78-80 with SL around 93.50 for a TP of 91.05/90.

 

 

 

 

 

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