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Stalled at the Border: NZDJPY Treads Water as Ceasefire Uncertainty Lingers

As the market waits for positive developments in the ceasefire negotiations, NZDJPY is trading flat with no discernible trend. It fell to an intraday low of 92.98 and is now trading around 93.19. The downward trend appears to be moving well if the 94.40 level of resistance remains stable.

Technicals

CMP -93.19

Trend

1- Hour chart

Value

 

 

55 EMA

92.99

CMP< value

Bearish

200- EMA

93.07

CMP <value

Bearish

365- EMA

93.13

CMP< value

Bearish

 Near-term resistance - 93.60/94.50/95/96. Near-term support- 92.70/91.80/91/90.50/89.

Momentum indicator

Inference

Value

CCI(50)

Bearish

-39.54

ADX

Neutral

 

 It is good to sell on rallies around 93.38-40 with SL around 94 for a TP of 90.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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